Nikola completed the acquisition of Romeo Power for $144m.

Nikola, a provider of zero-emissions transportation and energy infrastructure solutions, completed the acquisition of Romeo Power, an energy technology firm delivering advanced electrification solutions for complex commercial vehicle applications, for $144m. "Romeo has been a valued supplier to Nikola, and we are excited to further leverage their technological capabilities as the landscape for vehicle electrification grows more sophisticated. With control over the essential battery pack technologies and manufacturing process, we believe we will be able to accelerate the development of our electrification platform and better serve our customers. Given our strong relationship with Romeo and ongoing collaboration, we are confident in our ability to successfully integrate and deliver the many expected strategic and financial benefits of this acquisition. We look forward to creating a zero-emissions future together," Mark Russell, Nikola CEO.