# Porsche plans majority takeover of Varta's V4Drive Battery GmbH

Porsche plans to acquire a majority stake in V4Drive Battery GmbH, a Varta subsidiary producing large-format lithium-ion round cells for hybrid vehicles. Porsche will invest €30 million and contribute a new production facility in Nördlingen, Germany, scheduled to go into operation in 2025.

- Type: Acquisition
- Announced: 2024-08-17
- Where: Nördlingen, Germany, Germany
- Value: $33.0M (30.0M EUR)
- Status: announced
- Products: lithium-ion round cells, booster cells for hybrid vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Porsche](https://endata.com/companies/16802.md) (acquirer)
- [VARTA AG](https://endata.com/companies/70821.md) (partner)
- [V4Drive Battery GmbH](https://endata.com/companies/79239.md) (target)

## Sources

- [newsroom.porsche.com](https://newsroom.porsche.com/en/2024/company/porsche-varta-deepen-strategic-partnership-37095.html), 2024-08-17: "With the planned majority takeover of V4Drive, we aim to drive the company forward and would make an important contribution to keeping key technologies in Germany."

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