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Announced

Completed

Xos completed the acquisition ElectraMeccanica.

Financials

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

Tags

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electric vehicles

Automobiles

Canada

Acquisition

Cross Border

Public

Majority

Friendly

Single Bidder

Completed

Synopsis

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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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