# Amper to acquire remaining 49% of Elinsa for EUR 30.5 million

Amper's board approved the acquisition of the remaining 49% stake in its subsidiary Elinsa for EUR 30.5 million, to be paid 50% in cash over three years and 50% in new Amper shares. The deal follows a EUR 155 million contract Elinsa signed with eks Energy for power electronics equipment for energy storage (2025-2027).

- Type: Acquisition
- Announced: 2024-11-06
- Where: Spain
- Value: $33.0M (30.5M EUR)
- Status: announced
- Products: power electronics equipment for energy storage
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [EKS Energy](https://endata.com/companies/65419.md) (customer)
- [Amper Group](https://endata.com/companies/67547.md) (acquirer)
- [Elinsa](https://endata.com/companies/75271.md) (target)

## Sources

- [infobae.com](https://www.infobae.com/america/agencias/2024/11/06/amper-se-hace-con-el-control-total-de-elinsa-tras-comprar-el-49-que-le-faltaba-por-305-millones/), 2024-11-06: "El consejo de administración de Amper ha aprobado la adquisición de la participación del 49% del capital social de su filial Electrotécnica Industrial Naval (Elinsa) que aún no controlaba por un importe de 30,5 millones de euros"
- [grupoamper.com](https://www.grupoamper.com/en/news/the-amper-group-will-acquire-49-of-the-share-capital-of-its-subsidiary-elinsa-for-30-5-million-euros-paying-50-of-the-price-in-amper-shares-at-0-15-euros-per-share/), 2024-11-06: "The purchase price of this stake would be approximately EUR 30.5 million, 50% of which would be paid in cash, in accordance with a three-year payment schedule."

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