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M&A Deal Summary

Wanxiang Group Acquires A123 Systems

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2013-01-29
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

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(S) 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 STATS #
Overall 1 of 1
Sector: Electrical Equipment M&A 1 of 1
Type: Special Situations/Distressed M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2013 M&A 1 of 1
Size (of disclosed) 1 of 1
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