Nikola agrees to acquire Romeo Power for $144M

Nikola Corporation will acquire Romeo Power, Inc. in an all-stock transaction valued at approximately $144 million, bringing battery pack engineering and production in-house. Romeo's Cypress, California facility will become Nikola's Battery Center of Excellence.

“Romeo has been a valued supplier to Nikola, and we are excited to further leverage their technological capabilities as the landscape for vehicle electrification grows more sophisticated.”prnewswire.com

• 1 source
• prnewswire.comNikola Agrees to Acquire Romeo Power, To Bring Battery Pack Engineering and Production In-HouseNikola Corporation, Romeo Power Inc.Aug 1, 2022

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