Vitzrocell completed the acquisition of Innova Power Solutions from JL Investments for KRW33.56bn.

Synopsis

Vitzrocell, a South Korean provider of industrial and portable power solutions, completed the acquisition of Innova Power Solutions, a Canadian power system manufacturer specializing in downhole battery packs and monitoring systems, from JL Investments, a Canadian real estate development and investment firm KRW33.56bn.

Principals

target

Innova Power Solutions

bidder

Vitzrocell Co

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Market Context

MergerLinks - Vitzrocell completed the acquisition of Innova Power Solutions from JL Investments for KRW33.56bn.