# EV Technology Group to acquire 76% of Fablink Group for £29.5M

EV Technology Group signed a definitive agreement to acquire 76% of Fablink Group, a British Tier 1 supplier and specialist manufacturer, for £29.5 million in cash. Fablink has ~750 employees across seven manufacturing sites and serves electric vehicle demand.

- Type: Acquisition
- Announced: 2022-08-03
- Where: United Kingdom, United Kingdom
- Value: $35.6M (29.5M GBP)
- Status: announced
- Products: vehicle manufacturing, assembly services
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [EV Technology Group](https://endata.com/companies/64544.md) (acquirer)
- [Fablink Group Holdings](https://endata.com/companies/64545.md) (target)

## Sources

- [nasdaq.com](https://www.nasdaq.com/press-release/ev-technology-group-announces-agreement-to-acquire-up-to-100-of-fablink-group), 2022-08-03: "Fablink Group is a strategic acquisition to bring engineering, supply chain, manufacturing and assembly expertise in-house, strengthening EV Technology Group’s commercial offering."
- [financialpost.com](https://financialpost.com/globe-newswire/ev-technology-group-announces-agreement-to-acquire-up-to-100-of-fablink-group-spearheading-future-global-growth), 2022-08-03: "EV Technology Group announces that it has entered into the Definitive Agreement to acquire leading British Tier 1 supplier and specialist manufacturer, Fablink Group Holdings Limited."
- [engineering.com](https://www.engineering.com/ev-technology-to-acquire-fablink/), 2022-08-04: "Fablink Group, the leading UK specialist manufacturing expert and Tier 1 supplier, announces that it has signed a Definitive Agreement to be acquired by EV Technology Group."

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