Plastic Omnium wraps up acquisition of Actia Power

Acquisition enables Plastic Omnium Group to meet the needs of all combustion and electric vehicles, whether hybrid, plug-in hybrid, battery or fuel cell

Autocar Professional BureauBy Autocar Professional Bureau calendar 09 Aug 2022 Views icon4209 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Plastic Omnium wraps up acquisition of Actia Power

Plastic Omnium, which is accelerating its growth strategy in electrification, has announced the closing of the acquisition of 100% of ACTIA Power, a division of the ACTIA Group, for an enterprise value of 52.5 million euros. The transaction is entirely self-financed.

ACTIA Power will be consolidated in Plastic Omnium's accounts as of 1st August 2022. ACTIA Power, with a turnover of 22 million euros in 2021, specializes in the design and manufacturing of on-board batteries, power electronics and electrification systems for the electric mobility of trucks, buses, trains, and construction equipment.

ACTIA Power will be able to create synergies with Plastic Omnium's hydrogen business in all different segments enabling the Group to meet the needs of all combustion and electric vehicles, whether hybrid, plug-in hybrid, battery or fuel cell. With this acquisition, Plastic Omnium will benefit from a new technology platform and leading-edge R&D capabilities for the design of electronic components, storage systems and electrical energy management. The Group will have access to a solid portfolio of heavy mobility customers. Plastic Omnium is therefore continuing to implement its growth strategy in the area of electrification for heavy and individual mobility.

RELATED ARTICLES
Skoda begins sale of made-in-India CKD Kushaq in Vietnam

auther Autocar Professional Bureau calendar30 Jun 2025

Before production started, pre-series Kushaq vehicles covered over 330,000 kilometres on a variety of Vietnamese roads a...

Six Japanese companies join forces to expand use of recycled materials in new vehicles

auther Autocar Professional Bureau calendar30 Jun 2025

Denso, Toray Industries, Nomura Research Institute, Honda Motor, Matec Inc and Rever Corporation have set up the BlueReb...

BYD selects Voestalpine as steel supplier for its Hungarian plant

auther Autocar Professional Bureau calendar28 Jun 2025

The announcement of the Austrian steelmaker as a supplier demonstrates BYD’s strategic plan to source from high-quality,...