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M&A Deal Summary

Volvo Acquires Designwerk

On April 26, 2021, Volvo acquired electrical equipment company Designwerk

Acquisition Highlights
  • This is Volvo’s 1st transaction in the Electrical Equipment sector.
  • This is Volvo’s 1st transaction in Switzerland.

M&A Deal Summary
Date 2021-04-26
Target Designwerk
Sector Electrical Equipment
Buyer(s) Volvo
Deal Type Add-on Acquisition

Target

Designwerk

Winterthur, Switzerland
Designwerk offers customized electric trucks under the brand Futuricum, mobile rapid chargers and high voltage battery systems. The company is an innovative company that works in fast feedback loops in development with customers to constantly improve their offering. Designwerk Technologiesis based in Winterthur, Switzerland.

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Buyer(S) 1

Buyer

Volvo

Gothenburg, Sweden
Category Company
Founded 1915
Sector Manufacturing
Employees91,154
Revenue 526.8B SEK (2024)
DESCRIPTION

Volvo is a multinational manufacturing company. Volvo's principal activity is the production of trucks, buses, and construction equipment. Volvo also supplies marine and industrial drive systems. Volvo was incorporated in 1915 and is based in Gothenburg, Sweden.

DEAL STATS #
Overall 2 of 4
Sector: Electrical Equipment M&A 1 of 3
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Switzerland M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-10 BlueLine Rental

Shippensburg, Pennsylvania, United States

BlueLine Rental LLC is a provider of rental equipment services in North America, offering comprehensive lines of earthmoving, aerial and other construction equipment to service its customer base across multiple end markets, including the industrial, energy, infrastructure, nonresidential and residential construction, and non-construction markets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-01 Proterra - battery business

Burlingame, California, United States

Proterra's battery business is a manufacturer of batteries which are designed from the cell level up for commercial and industrial usage and have industry-leading energy density, a flexible design, and ruggedized commercial-grade housing.

Buy $210M
Mergr

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