M&A Deal Summary

Cenntro Electric Group Acquires Tropos Motors Europe

On March 25, 2022, Cenntro Electric Group acquired automotive company Tropos Motors Europe from Mosolf for 3M EUR

Acquisition Highlights
  • This is Cenntro Electric Group’s 1st transaction in the Automotive sector.
  • This is Cenntro Electric Group’s 0th largest (disclosed) transaction.
  • This is Cenntro Electric Group’s 1st transaction in Germany.

M&A Deal Summary
Date 2022-03-25
Target Tropos Motors Europe
Sector Automotive
Buyer(s) Cenntro Electric Group
Sellers(s) Mosolf
Deal Type Divestiture
Deal Value 3M EUR

Target

Tropos Motors Europe

Herne, Germany
Tropos Motors Europe is a specialist for compact, electric commercial vehicles for a wide range of target groups and applications. These include, in particular, delivery and parcel services, industry and intralogistics, technical trades and facility management, food retail, hospitality and tourism, zoos, amusement parks and sports facilities as well as cities and municipalities. Tropos Motors Europe is based in Herne, Germany.

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Buyer(S) 1

Buyer

Cenntro Electric Group

Freehold, New Jersey, United States
Category Company
Founded 2013
Sector Automotive
Employees315
Revenue 9M USD (2022)
DESCRIPTION

Cenntro Electric Group is a designer and manufacturer of electric light and medium-duty commercial vehicles. Cenntro’s purpose-built ECVs are designed to serve a variety of organizations in support of city services, last-mile delivery and other commercial applications. Cenntro Electric Group was founded in 2013 and is based in Freehold, New Jersey.

DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
Country (Germany) 1 of 1
Year (2022) 1 of 1

Seller(S) 1

SELLER

Mosolf

Kirchheim unter Teck, Germany
Category Company
Sector Automotive
DESCRIPTION

Mosolf is a system service provider for the automobile industry which includes tailor-made logistics, technical and service solutions provided using a network of business sites across Europe and a multi-modal fleet. Mosolf is based in Kirchheim unter Teck, Germany.

DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
Country (Germany) 1 of 1
Year (2022) 1 of 1
Mergr

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