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New Deal


Announced

EV Technology to acquire MOKE International for $55m.

Financials

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Transaction Value£45m
Consideration TypeCash, Special Dividend
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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mobility services

Private

United Kingdom

Acquisition

automotive technology

Single Bidder

Pending

Majority

Friendly

Cross Border

Mobility

Synopsis

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EV Technology, a firm that accelerates the adoption of electric vehicles, agreed to acquire MOKE International, a manufacturer of beach mobility vehicles, for $55m. “The investment in MIL is extremely close to my heart. I first became interested in MOKE International when I tried to rent the vehicle in the South of France – I quickly discovered the joy of driving this vehicle in beautiful locales – but also the commercial opportunity given how high demand was for this iconic brand, relative to supply," Wouter Witvoet, EV Technology CEO.

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