M&A Deal Summary

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 Highlights
  • 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.

M&A Deal Summary

Date 2020-10-09
Target Tembo e-LV B.V.
Sector Automotive
Buyer(s) VivoPower International
Deal Type Add-on Acquisition
Deal Value 5M USD

Target

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(S) 1

Buyer

VivoPower International

London, United Kingdom

Category Company
Founded 2014
Sector Automotive
Employees108
Revenue 15M 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 STATS #
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