CENN · Categories · M&A
CENN - Mergers and acquisitions
Cenntro Inc. (CENN) mergers and acquisitions - real-time wire coverage filtered to M&A only.
Recent M&A for CENN
- Cenntro Electric Group Expands Global Production Capacity with Acquisition of Advanced Manufacturing Facility in ChinaProduction Capacity of 50,000 Vehicles Annually Once 474,000 Square Foot Facility Becomes Fully Operational Cenntro Electric Group Limited (NASDAQ:CENN) ("Cenntro" or the "Company"), a leading EV technology company with advanced, market-validated electric commercial vehicles, today announced the acquisition of a new manufacturing facility in Changxing, Huzhou City, China, for a purchase price of approximately $19.5 million. The new 474,000 square foot facility will allow Cenntro to expand its production capacity. The facility, built in 2018, is expected to provide Cenntro with advanced manufacturing capabilities. In addition to expanding capacity, the new site is expected to enable Cenntr
- Cenntro Electric Acquires Majority Interest of Tropos Motors Europe to Expand European Assembly Capability and Distribution Networks in EMEA and Adds a Strategic Customer Network in EuropeCenntro Electric Group Limited (NASDAQ:CENN), a leading EV technology company with advanced, market-validated electric commercial vehicles, today announced that it entered into an agreement with Mosolf SE & Co. KG ("Mosolf"), one of Europe's largest automotive logistics and service providers, to acquire a 65% equity interest in Tropos Motors Europe GmbH ("TME"), a wholly owned subsidiary of Mosolf, for €3.25 million and assume 100% of a shareholder loan from Mosolf to TME in the amount of €11.9 million. The transaction is subject to customary closing conditions and is expected to close in March 2022. TME has been a strategic, private label channel partner and one of the largest customers o