M&A Deal Summary

BASF Acquires Ovonic Battery

On February 14, 2012, BASF acquired electrical equipment company Ovonic Battery from Honda Motor and Sanoh for 58M USD

Acquisition Highlights
  • This is BASF’s 1st transaction in the Electrical Equipment sector.
  • This is BASF’s 9th largest (disclosed) transaction.
  • This is BASF’s 4th transaction in the United States.
  • This is BASF’s 1st transaction in Michigan.

M&A Deal Summary
Date 2012-02-14
Target Ovonic Battery
Sector Electrical Equipment
Buyer(s) BASF
Sellers(s) Honda Motor
Sanoh
Deal Type Divestiture
Deal Value 58M USD

Target

Ovonic Battery

Troy, Michigan, United States
Ovonic Battery Company Inc. develops and markets NiMH batteries.

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Buyer(S) 1

Buyer

BASF

Ludwigshafen, Germany
Category Company
Founded 1865
Sector Chemicals
Employees111,855
Revenue 68.9B EUR (2023)
DESCRIPTION
Entrance to BASF's office in Florham Park, New Jersey.
Entrance to BASF's office in Florham Park, New Jersey.

BASF is a global producer of chemicals. BASF looks to combine economic success with environmental protection and social responsibility. BASF was founded in 1865 and is based in Ludwigshafen, Germany.

DEAL STATS #
Overall 8 of 20
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 2 of 4
State (Michigan) 1 of 1
Country (United States) 4 of 8
Year (2012) 1 of 4
Size (of disclosed) 9 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-25 PEC-Rhin S.A.

Ottmarsheim, France

PEC-Rhin is a producer of nitrate fertilizers as well as ammonia, ammonia water and nitric acid for industrial use.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-23 BASF Corp - Quality Trait Analysis Division

United States

BASF's QTA System is a patented analytical service that enables clients to quickly and easily test the quality of products and materials, reliably and accurately. QTA handles all the technical development, configuration, management and monitoring behind the scenes, enabling accurate quality testing by non-technical personnel, and allowing its clients more freedom in managing their operations.

Sell -

Seller(S) 2

SELLER

Honda Motor

Tokyo, Japan
Category Company
Founded 1946
Sector Automotive
Employees211,374
Revenue 16.91T JPY (2023)
DESCRIPTION
Honda Motor's corporate headquarters in Tokyo, Japan.
Honda Motor's corporate headquarters in Tokyo, Japan.

Honda Motor is a prominent global manufacturer with a diverse portfolio of products including cars, motorcycles, and power equipment. Honda is renowned for its commitment to innovation and quality, consistently delivering technologically advanced and reliable products. With a strong emphasis on research and development, Honda has achieved notable milestones in areas such as fuel efficiency, safety, and environmental sustainability. Honda Motor was founded in 1946 and is based in Tokyo, Japan.

DEAL STATS #
Overall 1 of 2
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 1 of 2
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-30 Honda Elesys

Yokohama, Japan

Honda Elesys Company, Ltd. is a provider of automotive electronics.

Sell $500M
SELLER

Sanoh

Tokyo, Japan
Category Company
Founded 1939
Sector Automotive
Employees7,915
Revenue 156.8B JPY (2024)
DESCRIPTION

Sanoh is a automotive parts manufacturing company with 80 production facilities in 23 countries worldwide. Sanoh was founded in 1939 and is based in Tokyo, Japan.

DEAL STATS #
Overall 1 of 1
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-29 Geiger Automotive

Murnau, Germany

Geiger Automotive GmbH develops and produces plastic components for the conveyance and storage of fluids and gases in drive, chassis and brake systems for power-train markets in the automotive industry.

Buy -
Mergr

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