Add-on Acquisition • Automotive

VivoPower International Acquires Tembo e-LV B.V.

On October 9, 2020, VivoPower International acquired automotive company Tembo e-LV B.V. for 5M USD

Acquisition Context

This is VivoPower International’s 1st transaction in the Automotive sector.
This is VivoPower International’s largest (disclosed) transaction.
This is VivoPower International’s 1st transaction in the Netherlands.

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M&A Deal Summary
Date	October 9, 2020
Target	Tembo e-LV B.V.
Sector	Automotive
Buyer(s)	VivoPower International
Deal Type	Add-on Acquisition
Deal Value	5M USD

Target Company

Tembo e-LV B.V.

Bergeijk, Netherlands

Tembo e-LV B.V. is specialist battery-electric and off-road vehicle company with global sales and distribution channels across four continents. Tembo e-LV was founded in 2014 and is based in Bergeijk, Netherlands.

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Buyer Overview 1

Buyer

VivoPower International

London, United Kingdom

Category	Company
Founded	2014
Sector	Automotive
Employees	41
Revenue	4M USD (2023)

DESCRIPTION

VivoPower International is an international battery technology, electric vehicle, solar and critical power services company. VivoPower International was founded in 2014 and is based in London, United Kingdom.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Automotive	1 of 1
Type: Add-on Acquisition	1 of 1
Country: Netherlands	1 of 1
Year: 2020	1 of 1
Size (of disclosed)	1 of 1

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