M&A takes off in batteries
It was all go in battery M&A this month with at least four deals. The most eye-catching was Tesla’s US$218m planned acquisition of Maxwell Technologies (NASDAQ:MXWL). Maxwell is a developer and innovator in the field of ultracapacitors and dry electrodes. Maxwell suggests that its proprietary electrode can enable an energy density of 300Wh/kg and could reach 500Wh/kg. This could result in a substantial improvement in energy density for Tesla’s batteries, resulting in longer range and/or smaller battery packs. Several Maxwell shareholders have launched a class-action lawsuit alleging that the price offered is too low.
Topics
Batteries
M&A
Maxwell Technologies
Tesla
