Special Situations/Distressed • Electrical Equipment

Wanxiang Group Acquires A123 Systems

On January 29, 2013, Wanxiang Group acquired electrical equipment company A123 Systems for 256M USD

Acquisition Context

This is Wanxiang Group’s 1st transaction in the Electrical Equipment sector.
This is Wanxiang Group’s largest (disclosed) transaction.
This is Wanxiang Group’s 1st transaction in the United States.
This is Wanxiang Group’s 1st transaction in Massachusetts.

Explore All 13 Special Situations/Distressed Electrical Equipment Deals - Search the Database Free

M&A Deal Summary
Date	January 29, 2013
Target	A123 Systems
Sector	Electrical Equipment
Buyer(s)	Wanxiang Group
Deal Type	Special Situations/Distressed
Deal Value	256M USD
Advisor(s)	Lazard Middle Market (Financial)

Target Company

A123 Systems

Watertown, Massachusetts, United States

A123 Systems, located in Watertown, Massachusetts, is a manufacturer of high-power lithium-ion batteries and systems. The company's products are used in various applications, including hybrid electric vehicles, home appliances, electric drive systems, robotics, stationary power, load balancing, specialized military equipment, and medical devices.

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Buyer Overview 1

Buyer

Wanxiang Group

Hangzhou, China

Category	Company
Founded	1969
Sector	Automotive

DESCRIPTION

Wanxiang Group is a Chinese automotive components manufacturing company headquartered in Hangzhou, China.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Electrical Equipment	1 of 1
Type: Special Situations/Distressed	1 of 1
State: Massachusetts	1 of 1
Country: United States	1 of 1
Year: 2013	1 of 1
Size (of disclosed)	1 of 1

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