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M&A takes off in batteries

Posted on - 08 Mar 2019

Category - Finance/M&A

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.

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Batteries M&A Maxwell Technologies Tesla