Bosch acquires EM-motive electric motor joint venture from Daimler

Bosch announced it will take over EM-motive, the 50-50 electric motor joint venture with Daimler, by acquiring Daimler's shares. The purchase price was not disclosed, and the deal is subject to antitrust approval.

“Right from the establishment of the joint venture, Bosch secured an option to acquire the shares.”insideevs.com

• 2 sources
• insideevs.comBosch Takes Over EM-motive: Electric Motor Joint Venture With DaimlerMark KaneJan 27, 2019
• evbite.comBosch Takes Full Control of Motor Maker EM-motive from Daimler - EVBiteDavid MowattFeb 19, 2019

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