M&A Deal Summary

American Battery Solutions Acquires Robert Bosch - High-Voltage Battery Assets

On May 20, 2019, American Battery Solutions acquired electrical equipment company Robert Bosch - High-Voltage Battery Assets from Robert Bosch

Acquisition Highlights
  • This is American Battery Solutions’ 1st transaction in the Electrical Equipment sector.
  • This is American Battery Solutions’ 1st transaction in Germany.

M&A Deal Summary

Date 2019-05-20
Target Robert Bosch - High-Voltage Battery Assets
Sector Electrical Equipment
Buyer(s) American Battery Solutions
Sellers(s) Robert Bosch
Deal Type Divestiture

Target

Robert Bosch - High-Voltage Battery Assets

Postfach, Germany
Robert Bosch GmbH - High-Voltage Battery Assets comprises the testing lab assets for high-voltage battery systems and will lease 40,000 sq. ft. space for prototype battery pack assembly and offices located in Lake Orion, Mich. In addition, ABS will acquire 172,000 sq. ft. facility located in Springboro, Ohio, where Robert Bosch Battery Systems has assembled lithium-ion battery packs for use in the automotive industry since 2009.

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Buyer(S) 1

Buyer

American Battery Solutions

Orion, Michigan, United States

Category Company
Founded 2018
Sector Electrical Equipment
DESCRIPTION

American Battery Solutions is a battery manufacturer that develops and manufactures a wide variety of heavy-duty and industrial battery packs, using lithium-ion batteries for commercial vehicles, transit buses, and on- and off-road vehicles. The company provides both standard and custom battery systems optimized to each customer’s needs. ABS’ technology, combined with the advanced product development knowledge and expertise of its people, enables the company to develop and manufacture battery packs designed to deliver superior performance and product life, and to enhance safety. American Battery Solutions was formed in 2018 and is based in Orion, Michigan.


DEAL STATS #
Overall 1 of 1
Sector: Electrical Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Germany M&A 1 of 1
Year: 2019 M&A 1 of 1

Seller(S) 1

SELLER

Robert Bosch

Postfach, Germany

Category Company
Founded 1886
Sector Diversified
Employees300,000
Revenue 52.0B EUR (2012)
DESCRIPTION
Bosch power tools on display at an Acme Tools store in Duluth, Minnesota.
Bosch power tools on display at an Acme Tools store in Duluth, Minnesota.

Robert Bosch GmbH is a diversified technology, electronics, and automotive manufacturing company. The Company is privately owned and was established in 1886.


DEAL STATS #
Overall 6 of 8
Sector: Electrical Equipment M&A 1 of 1
Type: Divestiture M&A Deals 6 of 8
Country: Germany M&A 2 of 4
Year: 2019 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-21 Splitting Fares

Detroit, Michigan, United States

Splitting Fares, Inc. is a U.S. start-up based in Detroit. SPLT operates a platform that allows companies, universities, and municipal authorities to offer their workforces ridesharing services. The B2B approach is designed especially for commuters. SPLT uses an app to connect people who share the same route to their place of work or study. An algorithm finds the best composition for the ride-share, and computes the fastest route.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-12 Syntegon

Waiblingen, Germany

Syntegon is a supplier of process and packaging technology that develops and produces complete solutions for the pharmaceuticals, food, and confectionery industries. These solutions are complemented by a comprehensive after-sales service portfolio. A global service and sales network provides customers with local points of contact. Syntegon is based in Waiblingen, Germany.

Sell -