M&A Deal Summary

Enovix Acquires SolarEdge Technologies - Battery cell manufacturing assets

On April 3, 2025, Enovix acquired electrical equipment company SolarEdge Technologies - Battery cell manufacturing assets from SolarEdge

Acquisition Highlights
  • This is Enovix’s 2nd transaction in the Electrical Equipment sector.
  • This is Enovix’s 2nd transaction in South Korea.

M&A Deal Summary

Date 2025-04-03
Target SolarEdge Technologies - Battery cell manufacturing assets
Sector Electrical Equipment
Buyer(s) Enovix
Sellers(s) SolarEdge
Deal Type Divestiture

Target

SolarEdge Technologies - Battery cell manufacturing assets

Nonsan, South Korea
SolarEdge Technologies' Battery cell manufacturing assets include a 330,000-square-foot facility in Nonsan, along with battery cell development and manufacturing equipment. SolarEdge Technologies' Battery cell manufacturing assets are based in Nonsan, South Korea.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Enovix

Fremont, California, United States

Category Company
Founded 2007
Sector Electrical Equipment
Employees570
Revenue 23M USD (2024)
DESCRIPTION

Enovix is an advanced silicon battery company that is engaged in the IoT, mobile and computing devices battery. Enovix was founded in 2007 and is based in Fremont, California.


DEAL STATS #
Overall 2 of 2
Sector: Electrical Equipment M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
Country: South Korea M&A 2 of 2
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-01 Routejade

Nonsan-si, South Korea

Routejade is providing lithium-ion batteries based on our patented encapsulation technology. Routejade was founded in 2000 and is based in Nonsan-si, South Korea.

Buy -

Seller(S) 1

SELLER

SolarEdge

Herziliya Pituach, Israel

Category Company
Founded 2006
Sector Renewable Energy
Employees5,633
Revenue 901M USD (2024)
DESCRIPTION

SolarEdge provides an end-to-end distributed solar power harvesting and PV monitoring solution,maximizing the power generation of residential, commercial and large-scale PV system installations by up to 25%, for more rapid return on investment. SolarEdge was founded in 2006 and is based in Herzliya, Israel.


DEAL STATS #
Overall 1 of 1
Sector: Electrical Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: South Korea M&A 1 of 1
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-04 Wevo Energy

London, United Kingdom

Wevo Energy is a software startup specializing in EV charging optimization and management for sites with large quantities of EV chargers such as apartment buildings, workplace carparks and public charging locations. Wevo Energy was founded in 2021 and is based in London, United Kingdom.

Buy -