# Giga Carbon Neutrality signs MOU to acquire majority stake in Admiral Corporation of America

Giga Carbon Neutrality Inc (GCN) has signed a Memorandum of Understanding to acquire a majority stake in Admiral Corporation of America Inc and its subsidiaries.

- Type: Acquisition
- Announced: 2022-04-27
- Where: United States
- Status: announced
- Products: e-mobility solutions, charging, energy storage, home appliances, electronics
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Giga Carbon Neutrality](https://endata.com/companies/62540.md) (acquirer)
- [Admiral Corporation of America](https://endata.com/companies/62541.md) (target)

## Sources

- [kommunikasjon.ntb.no](https://kommunikasjon.ntb.no/pressemelding/17931894/giga-carbon-neutrality-gcn-signs-memorandum-of-understanding-to-acquire-a-controlling-stake-in-admiral-corporation-of-america-inc?publisherId=90063), 2022-04-27: "This agreement brings the historic and well-loved Admiral brand into the GCN family."

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