Announced
Completed
Financials
Tags
electric vehicles
Automobiles
Canada
Acquisition
Cross Border
Public
Majority
Friendly
Single Bidder
Completed
Synopsis
Xos, an electric truck manufacturer and fleet electrification services provider, completed the acquisition of ElectraMeccanica, a designer and assembler of electric vehicles. Financial terms were not disclosed. "We are confident that this acquisition will further strengthen Xos' commitment to operational excellence, customer-focused vehicles, and efficient capital deployment," Giordano Sordoni, Xos COO and Co-Founder.
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