M&A Deal Summary

Tantech Holdings Acquires Suzhou E Motors

On May 2, 2016, Tantech Holdings acquired automotive company Suzhou E Motors for 25M USD

Acquisition Highlights
  • This is Tantech Holdings’ 1st transaction in the Automotive sector.
  • This is Tantech Holdings’ largest (disclosed) transaction.
  • This is Tantech Holdings’ 1st transaction in China.

M&A Deal Summary

Date 2016-05-02
Target Suzhou E Motors
Sector Automotive
Buyer(s) Tantech Holdings
Deal Type Add-on Acquisition
Deal Value 25M USD

Target

Suzhou E Motors

Zhangjiagang, China
website
Suzhou E Motors Co., Ltd. is a designer, developer, manufacturer, and marketer of electric vehicles ("EVs"), EV powertrain components, parts, and accessories in China.

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Buyer(S) 1

Buyer

Tantech Holdings

Lishui, China

website


Category Company
Founded 2001
Sector Diversified
Employees91
Revenue 55M USD (2021)
DESCRIPTION

Tantech Holdings is a developer and manufacturer of bamboo-based charcoal products in China and internationally. It operates through three segments: Consumer Products, Trading, and Biofuel Energy. The company produces pressed and formed charcoal briquettes for use in grills, incense burners, and other applications under the Algold brand. It also offers Charcoal Doctor branded products, such as air purifiers and humidifiers, automotive accessories for air purification, underfloor humidity control, pillows and mattresses, wardrobe deodorizers, mouse pads and wrist mats, refrigerator deodorants, charcoal toilet cleaner disks, liquid charcoal cleaners, shoe insoles, and decorative charcoal gifts. Tantech Holdings was founded in 2001 and is based in Lishui, China.


DEAL STATS #
Overall 1 of 2
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (China) 1 of 2
Year (2016) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-10 Lishui Xincai Industrial

Guizhou, China

Lishui Xincai Industrial Co., Ltd. holds a government-issued permit and has the exclusive right to mine a 0.11-square-kilometer marble quarry in the southwestern province of Guizhou, China.

Buy $18M