Endurance Technologies acquires ION Energy's advanced electronics unit for $40M

Endurance Technologies Limited acquired ION Energy's advanced electronics business unit Maxwell Energy Systems (MESPL) for $40 million. Endurance will purchase a 51% stake for $17.5 million, with the remaining 49% to be acquired over 5 years.

“With fairly rapid vehicle electrification, OEMs have accelerated their EV plans, and are focusing on battery parameters including safety, range and power, and BMS would be a key differentiator.”inc42.com

• 1 source
• inc42.comEndurance Acquires ION Energy’s Advance Electronics Unit For $40 MnLaxitha MundhraMay 19, 2022

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