Announced
Completed
Financials
Tags
United States
battery
Auto Parts
Acquisition
Majority
Private
Auction
Cross Border
Friendly
Completed
Synopsis
Volvo, a manufacturer of luxury vehicles, completed the acquisition of the battery business from Proterra, an electric vehicle and powertrain manufacturer, for $210m. "These assets and the skills and competence of the Proterra team are a great complement to our current footprint and enables us to accelerate our battery-electric roadmap even further," Lars Stenqvist, CTO Volvo Group.
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