# Saietta acquires e-Traction from Evergrande New Energy Vehicle Group

Saietta Group acquired 100% of e-Traction Europe B.V. from Evergrande New Energy Vehicle Group. The acquisition adds power electronics production capability and heavy-vehicle drivetrain technology.

- Type: Acquisition
- Announced: 2021-11-16
- Where: Netherlands
- Status: announced
- Products: electric drivetrains, power electronics, e-axles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Evergrande New Energy Vehicle](https://endata.com/companies/51727.md) (partner)
- [Saietta Group](https://endata.com/companies/59021.md) (acquirer)
- [e-Traction Europe](https://endata.com/companies/59022.md) (target)

## Sources

- [newpowertechnology.com](https://newpowertechnology.com/2021/11/16/saietta-acquires-e-traction-from-evergrande-new-energy-vehicle-group/), 2021-11-16: "This acquisition will allow Saietta to accelerate its business plan by several years, adding not just commercial and technical capability but also extending our IP portfolio and acquiring an operational power electronics production facility."

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