(CercleFinance.com) – Plastic Omnium indicates that it has signed an agreement with the Actia group to acquire 100% of its Actia Power division for an enterprise value of 52.5 million euros, an agreement which follows the entry into exclusive negotiations announced on March 29.
Actia Power specializes in the design and manufacture of on-board batteries, power electronics and electrification systems for the electric mobility of trucks, buses, coaches, trains and construction machinery.
Based in Toulouse, this division of Actia currently employs 200 people in France, Germany, the United Kingdom and the United States, and achieved a turnover of 22 million euros last year.
The completion of this acquisition, entirely self-financed, is scheduled for the third quarter of 2022. Actia Power employees will then join the Clean Energy Systems (CES) division of Plastic Omnium.
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