# Exro Technologies to acquire SEA Electric for $402M

Exro Technologies will acquire SEA Electric, a California-based electric drivetrain provider, for approximately $402 million Canadian. The transaction is expected to close by end of Q1 2024.

- Type: Acquisition
- Announced: 2024-01-30
- Where: Torrance, California, United States
- Value: $300.0M (402.0M CAD)
- Status: announced
- Products: electric drivetrain systems, power control electronics
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Exro Technologies](https://endata.com/companies/53051.md) (acquirer)
- [SEA Electric](https://endata.com/companies/64753.md) (target)

## Sources

- [sustainablebiz.ca](https://sustainablebiz.ca/exro-acquires-electric-drivetrain-company-sea-electric), 2024-01-30: "Our merger with SEA not only creates significant revenue and cost synergies, but positions Exro to amplify its growth with new partners"
- [prnewswire.com](https://www.prnewswire.com/news-releases/exro-announces-merger-with-sea-electric-to-create-leading-e-mobility-technology-company-302047903.html), 2024-01-30: "We are pleased to announce the merger between Exro and SEA Electric, which unites our complementary EV technology platforms and unlocks substantial opportunities for growth and path to profitability."

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