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New Deal


Announced

Completed

Odin Automotive to acquire StreetScooter from Deutsche Post.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Completed

Friendly

Germany

Automobiles

Private

Acquisition

light commercial vehicles

Cross Border

Majority

Synopsis

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Odin Automotive, an automotive holding company led by global automotive experts, agreed to acquire StreetScooter, a manufacturer of electric light commercial vehicles, from Deutsche Post, a provider of an affordable international postal services. Financial terms were not disclosed. "The acquisition of StreetScooter from Deutsche Post marks a huge milestone for us—besides acquiring a proven and established OEM in the EV space, we are gaining over a decade of experience in electric fleet management that is unparalleled in the industry," Stefan Krause, Odin Automotive Chairman and CEO.

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