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M&A Deal Summary

Tesla Acquires Maxwell Technologies

On February 4, 2019, Tesla acquired electrical equipment company Maxwell Technologies for 219M USD

Acquisition Highlights
  • This is Tesla’s 1st transaction in the Electrical Equipment sector.
  • This is Tesla’s 2nd largest (disclosed) transaction.
  • This is Tesla’s 4th transaction in the United States.
Investment Fate
  • Maxwell Technologies was divested to a consortium of strategic buyers in 2021.
  • Maxwell Technologies was divested to a consortium of strategic buyers in 2025.

M&A Deal Summary
Date 2019-02-04
Target Maxwell Technologies
Sector Electrical Equipment
Buyer(s) Tesla
Deal Type Add-on Acquisition
Deal Value 219M USD
Advisor(s) DLA Piper (Legal)

Target

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(S) 1

Buyer

Tesla

Austin, Texas, United States
Category Company
Founded 2003
Sector Automotive
Employees125,665
Revenue 97.7B USD (2024)
DESCRIPTION
Tesla's corporate headquarters in Palo Alto, California.
Tesla's corporate headquarters in Palo Alto, California.

Tesla designs, manufactures and sells electric cars, batteries, and solar related equipment and systems to consumers, businesses, and municipalities. Tesla was formed in 2003 and is based in Palo Alto, California.

DEAL STATS #
Overall 5 of 6
Sector: Electrical Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 5 of 6
Country: United States M&A 4 of 5
Year: 2019 M&A 1 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-06 Perbix

Golden Valley, Minnesota, United States

Perbix is a provider of automated machines used for manufacturing. Perbix was established in 2001 and is based in Golden Valley, Minnesota.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-01 DeepScale

Mountain View, California, United States

DeepScale brings advanced, efficient perception capabilities to ADAS systems and AVs. The Company is geared to fundamentally change how cars see us with a team of ML/DL/AI engineers and their expertise of efficient DNNs (deep neural nets).

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