Divestiture • Electrical Equipment

Clarios Acquires Maxwell Technologies

On November 12, 2025, Clarios acquired electrical equipment company Maxwell Technologies from UCAP Power

Acquisition Context
  • This is Clarios’ 2nd transaction in the Electrical Equipment sector.
  • This is Clarios’ 1st transaction in the United States.

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M&A Deal Summary

Date November 12, 2025
Target Maxwell Technologies
Sector Electrical Equipment
Buyer(s) Clarios
Sellers(s) UCAP Power
Deal Type Divestiture

Target Company

Maxwell Technologies

Seoul, United States
Maxwell Technologies is a developer and manufacturer of innovative, cost-effective energy storage and power delivery solutions. Maxwell's ultracapacitor products offer safe and reliable power solutions for various applications, including consumer and industrial electronics, transportation, renewable energy, and information technology. Maxwell Technologies was founded in 1965 and is based in Seoul, South Korea.
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Buyer Overview 1

Buyer

Clarios

Glendale, Wisconsin, United States

Category Company
Sector Electrical Equipment
Revenue 8.0B USD (2018)
DESCRIPTION
Clarios' headquarters in Milwaukee, Wisconsin.
Clarios' headquarters in Milwaukee, Wisconsin.

Clarios is a global energy storage solutions provider, specializing in advanced battery technologies. Clarios develops and manufactures a wide range of batteries for automotive, marine, and industrial applications. They are known for their lithium-ion and lead-acid battery technologies that deliver enhanced performance, reliability, and efficiency. Clarios is headquartered in Glendale, Wisconsin.


Deal Context for Buyer #
Overall 2 of 2
Sector: Electrical Equipment 2 of 2
Type: Divestiture 2 of 2
Country: United States 1 of 1
Year: 2025 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-08-18 Ecobat - Battery Recycling and Specialty Lead Operations

Freiberg, Germany

Ecobat's Battery Recycling and Specialty Lead Operations includes Ecobat's facilities in Freiberg and Braubach, Germany, as well as the Arnoldstein operation in Austria.

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Seller Profile 1

SELLER

UCAP Power

San Diego, California, United States

Category Company
Sector Electrical Equipment
DESCRIPTION

UCAP Power develops and supplies ultracapacitor-based energy-storage systems for a variety of renewable-energy, industrial, and transportation applications. UCAP Power is based in San Diego, California.


Deal Context for Seller #
Overall 1 of 1
Sector: Electrical Equipment 1 of 1
Type: Divestiture 1 of 1
Country: United States 1 of 1
Year: 2025 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-21 Maxwell Technologies

Seoul, United States

Maxwell Technologies is a developer and manufacturer of innovative, cost-effective energy storage and power delivery solutions. Maxwell's ultracapacitor products offer safe and reliable power solutions for various applications, including consumer and industrial electronics, transportation, renewable energy, and information technology. Maxwell Technologies was founded in 1965 and is based in Seoul, South Korea.

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