29.06.2018
Voltabox AG DE000A2E4LE9
DGAP-Adhoc: Management Board of Voltabox decides to acquire all shares in Navitas Systems
DGAP-Ad-hoc: Voltabox AG / Key word(s): Mergers & Acquisitions
Management Board of Voltabox decides to acquire all shares in Navitas
Systems
29-Jun-2018 / 09:28 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Management Board of Voltabox decides to acquire all shares in Navitas
Systems
Delbrück, Germany, June 29, 2018 - The Management Board of Voltabox AG (ISIN
DE000A2E4LE9) today decided, subject to the approval of the Supervisory
Board, to sign through Voltabox of Texas, Inc, Austin/Texas, a wholly owned
subsidiary of Voltabox AG, a purchase agreement with the shareholders of
Navitas Systems, LLC, Woodridge, Illinois, to acquire all shares in Navitas
Systems, a manufacturer of lithium-ion battery systems for intralogistics,
transportation, renewable energy and other applications primarily operating
in the USA. The purchase price is expected to be 43 million US dollars
(equivalent to around 37 million euros). The execution of the agreement will
be subject to various closing conditions, in particular approval or release
by various US authorities.
Contact
Voltabox AG
Dr. Kai Holtmann
Artegastrasse 1
33129 Delbrück, Germany
Phone: +49 (0) 52 50 - 99 30-964
Fax: +49 (0) 52 50 - 99 30-901
Email: [email protected]
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29-Jun-2018 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Voltabox AG
Artegastraße 1
33129 Delbrück
Germany
Phone: +49 (0)5250 9930 964
Fax: +49 (0)5250 9930 901
E-mail: [email protected]
Internet: www.voltabox.ag
ISIN: DE000A2E4LE9
WKN: A2E4LE
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange
End of Announcement DGAP News Service
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700041 29-Jun-2018 CET/CEST
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