Morgan Stanley-backed Nivel completed the acquisition of Bolt.

Morgan Stanley-backed Nivel, a manufacturer of automotive parts and accessories, completed the acquisition of Bolt, a manufacturer of high-performance lithium batteries. Financial terms were not disclosed. "This acquisition is a defining moment for Nivel and for the dealers we serve. By bringing Bolt into the Nivel family, we are not only solidifying Nivel's portfolio with industry-leading lithium technology but also reinforcing our commitment to provide our PTV dealers with innovative and reliable solutions that they can count on," Donnie Jouppi, Nivel Chief Executive Officer.