Ardian acquires German battery technology company Munich Electrification
The Munich-based company develops battery management systems, sensor technology, and software for electric vehicles and battery energy storage, serving automotive OEMs and Tier-1 suppliers.
Takeaways
- Munich Electrification is a battery management systems, sensor tech, and software for e-mobility and energy storage.
- Ardian is acquiring Munich Electrification.
- The target serves electric mobility and battery energy storage across Germany.
Global private investment firm Ardian has acquired a majority stake in Munich Electrification, a German developer of battery management systems, sensor technology, and software for electric mobility and battery energy storage.
The founding shareholders will reinvest a portion of the purchase price, and the company’s management team will also invest alongside Ardian.
Munich Electrification’s technology is deployed in electric vehicle platforms and energy storage systems, with customers including automotive OEMs and Tier-1 suppliers across Europe and the US.
Sullivan & Cromwell advised the founding shareholders.
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