Add-on Acquisition • Automotive

Mahindra & Mahindra Acquires Reva Electric Car Co.

On May 26, 2010, Mahindra & Mahindra acquired automotive company Reva Electric Car Co. from Global Environment Fund

Acquisition Context
  • This is Mahindra & Mahindra’s 4th transaction in the Automotive sector.
  • This is Mahindra & Mahindra’s 4th transaction in India.

Explore All 1726 Add-on Acquisition Automotive Deals - Search the Database Free


M&A Deal Summary

Date May 26, 2010
Target Reva Electric Car Co.
Sector Automotive
Buyer(s) Mahindra & Mahindra
Sellers(s) Global Environment Fund
Deal Type Add-on Acquisition

Target Company

Reva Electric Car Co.

Bengaluru, India
Reva Electric Car Co. is a manufactures electric vehicles for the Indian and European markets. The cars offer maneuverability in cities with small roads and congested traffic, as well as quiet and clean operation, with low energy requirements.
Explore More Deals

Browse All 215,156 Deals

FILTER BY

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

Search Free

Buyer Overview 1

Buyer

Mahindra & Mahindra

Mumbai, India

Category Company
Founded 1945
Sector Automotive
Employees324,000
Revenue 1.56T INR (2025)
DESCRIPTION

Mahindra & Mahindra is a multinational automobile manufacturing corporation. It is a vehicle manufacturers by production in India and the largest seller of tractors across the world. Mahindra & Mahindra was founded in 1945 and is based in Mumbai, Maharstra.


Deal Context for Buyer #
Overall 5 of 9
Sector: Automotive 4 of 6
Type: Add-on Acquisition 5 of 7
Country: India 4 of 6
Year: 2010 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-26 REVA Electric Car Co.

Bengaluru, India

REVA Electric Car Co., Ltd. manufactures electric vehicles for customers in India and internationally.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-26 SsangYong Motor Co.

Pyeongtaek, South Korea

SsangYong Motor Co., Ltd. manufactures and sells automobiles and parts in South Korea.

Buy -

Seller Profile 1

SELLER

Global Environment Fund

Bethesda, Maryland, United States

Investor Investor Investor


Category Asset Manager
Founded 1990
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Global Environment Fund (GEF) is a global alternative asset manager dedicated to the energy, environmental, and natural resources sectors. Global Environment Fund was formed in 1990 and is based in Chevy Case, Maryland.


Deal Context for Seller #
Overall 8 of 23
Sector: Automotive 1 of 1
Type: Add-on Acquisition 5 of 11
Country: India 1 of 4
Year: 2010 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-01 Unirac

Albuquerque, New Mexico, United States

Unirac is a manufacturer of PV mounting systems for the US residential and C&I markets. It also provides value-added services, including plan set design, permitting and stamping. Unirac was founded in 1998 and is based in Albuquerque, New Mexico.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-10 Knight & Carver Wind Group

National City, California, United States

Knight & Carver Wind Group, Inc. is a provider of repair and maintenance services to wind farm owners and operators throughout the United States.

Sell -

Explore Related M&A Activity