Add-on Acquisition • Electrical Equipment

Soteria Acquires Voltaplex

On January 18, 2023, Soteria acquired electrical equipment company Voltaplex

Acquisition Context

This is Soteria’s 1st transaction in the Electrical Equipment sector.
This is Soteria’s 1st transaction in the United States.
This is Soteria’s 1st transaction in Illinois.

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M&A Deal Summary
Date	January 18, 2023
Target	Voltaplex
Sector	Electrical Equipment
Buyer(s)	Soteria
Deal Type	Add-on Acquisition

Target Company

Voltaplex

Chicago, Illinois, United States

Voltaplex provides cutting-edge total lithium-ion energy solutions. Voltaplex's mission is to foster the clean energy revolution by creating the most efficient marketplace in the world for lithium-ion cells and packs. Voltaplex is based in Chicago, Illinois.

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Buyer Overview 1

Buyer

Soteria

Greenville, South Carolina, United States

Category	Company
Founded	2017
Sector	Electrical Equipment

DESCRIPTION

Soteria is an advanced technology development and licensing company that formed a consortium to promote battery safety technologies. Soteria's patented technology addresses the root cause of thermal runaway, while the consortium enables broad access to innovative technologies. Soteria was founded in 2017 and is based in Greenville, South Carolina.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Electrical Equipment	1 of 1
Type: Add-on Acquisition	1 of 1
State: Illinois	1 of 1
Country: United States	1 of 1
Year: 2023	1 of 1

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