# Miba takes 25.1% stake in battery systems manufacturer Voltlabor

Miba acquired a 25.1% stake in Voltlabor, an Austrian battery systems manufacturer, to combine expertise in thermal management and battery components for electric drives.

- Type: Acquisition
- Announced: 2019-07-12
- Where: Bad Leonfelden, Upper Austria, Austria
- Value: $55.5M (50.0M EUR)
- Status: completed
- Products: battery systems, battery cooling systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Miba AG](https://endata.com/companies/1421.md) (acquirer)
- [Voltlabor](https://endata.com/companies/40610.md) (target)
- [Zollern GmbH & Co. KG](https://endata.com/companies/41429.md) (target)

## Sources

- [miba.com](https://www.miba.com/en/news/article/miba-invests-in-battery-systems-manufacturer-voltlabor), 2019-07-12: "Investing in Voltlabor to expand our expertise toward complete battery systems is the next logical step."
- [lexology.com](https://www.lexology.com/library/detail.aspx?g=881d6cf5-48f3-4f28-93ae-7bcb20f8082e), 2019-08-27: "The positive effects of the transaction for the environment and climate protection are held to outweigh the competitive disadvantages of the merger."

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