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Voltabox AG M&A Activity 2018
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M&A Activity
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News Details
Ad-hoc | 29 June 2018 09:28
Management Board of Voltabox decides to acquire all shares in Navitas Systems
Voltabox AG / Key word(s): Mergers & Acquisitions
Management Board of Voltabox decides to acquire all shares in Navitas Systems
29-Jun-2018 / 09:28 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Management Board of Voltabox decides to acquire all shares in Navitas Systems
Delbrück, Germany, June 29, 2018 – The Management Board of Voltabox AG (ISIN DE000A2E4LE9) today decided, subject to the approval of the Supervisory Board, to sign through Voltabox of Texas, Inc, Austin/Texas, a wholly owned subsidiary of Voltabox AG, a purchase agreement with the shareholders of Navitas Systems, LLC, Woodridge, Illinois, to acquire all shares in Navitas Systems, a manufacturer of lithium-ion battery systems for intralogistics, transportation, renewable energy and other applications primarily operating in the USA. The purchase price is expected to be 43 million US dollars (equivalent to around 37 million euros). The execution of the agreement will be subject to various closing conditions, in particular approval or release by various US authorities.
Contact
Voltabox AG
Dr. Kai Holtmann
Artegastrasse 1
33129 Delbrück, Germany
Phone: +49 (0) 52 50 – 99 30-964
Fax: +49 (0) 52 50 – 99 30-901
Email: [email protected]
29-Jun-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | Voltabox AG |
| Artegastraße 1 | |
| 33129 Delbrück | |
| Germany | |
| Phone: | +49 (0)5250 9930 964 |
| Fax: | +49 (0)5250 9930 901 |
| E-mail: | [email protected] |
| Internet: | www.voltabox.ag |
| ISIN: | DE000A2E4LE9 |
| WKN: | A2E4LE |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| End of Announcement | DGAP News Service |