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New Deal


Announced

Completed

Exro completed the merger with SEA Electric in a $294m deal.

Financials

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Transaction Value£231m
Consideration TypeOrdinary Shares
Capital Owned17%
Capital Bid For83%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Automobiles

automotive technology

Merger

Cross Border

Acquisition

Majority

Private

Friendly

Single Bidder

United States

Completed

Synopsis

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Exro, a clean technology company that has developed new generation power control electronics that change how the world optimizes energy, completed the merger with SEA Electric, an automotive and e-mobility technology company, in a $294m deal. "With OEM contracts in-hand and industrialization underway, SEA Electric will benefit greatly from this business combination. Exro provides the resources, capabilities and automotive systems that will ensure the successful execution of these important contracts, as well as offering complementary and differentiating technology in the form of its Coil Driver and Cell Driver. I am very excited about our combined future," Tony Fairweather, SEA Founder and CEO.

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