Plastic Omnium wraps up acquisition of Actia Power

by Autocar Pro News Desk , 09 Aug 2022

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.

magazine image

Latest Auto industry updates and news articles