M&A Activity • Nov 24, 2017
M&A Activity
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Preh acquires "ePower" from Kongsberg Automotive
Bad Neustadt a. d. Saale/Kongsberg. Preh GmbH is acquiring "ePower", a business
unit of Kongsberg Automotive ASA in Kongsberg, Norway. ePower was founded in
2011 in order to develop and market on-board chargers which are now in series
production and used in the powertrain for electric and hybrid vehicles. ePower
currently employs 20 people and has two development centers in Gothenburg and
Mullsjö in Sweden. In addition, the high-tech specialist draws on a proven
network of around 50 engineering consultants, who both operate out of Sweden and
India. For Preh, the acquisition of ePower is a targeted strengthening of its
own e-mobility activities. The contracting parties have agreed not to announce
the purchase price. The transaction is expected to close by the end of 2017.
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