# Voltabox acquires Navitas Systems for EUR 37 million

Voltabox AG has agreed to purchase all shares in Navitas Systems, a US manufacturer of lithium-ion battery systems for intralogistics, for EUR 37 million. Navitas operates a 50,000 sq ft R&D and manufacturing centre in Ann Arbor, Michigan, and has a cell production capacity of 600,000 units per year.

- Type: Acquisition
- Announced: 2018-07-02
- Where: Woodridge, Illinois; Ann Arbor, Michigan, United States
- Value: $43.0M (37.0M EUR)
- Jobs: 80
- Status: announced
- Capacity: 600,000 battery cells per year
- Products: lithium-ion battery systems, lithium-ion battery cells
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Voltabox](https://endata.com/companies/32876.md) (acquirer)
- [Navitas Systems](https://endata.com/companies/32877.md) (target)

## Sources

- [evertiq.com](https://evertiq.com/news/44416), 2018-07-02: "Through Navitas Systems, we will considerably accelerate our growth in the market for intralogistics."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.