Our partners at Maxwell have announced it has entered into a definitive agreement to be acquired by Tesla. While of course the closing of the transaction is subject to the many factors, both parties anticipate a close date later this year.
You can read the full press release from Maxwell here.
“We are very excited with today’s announcement that Tesla has agreed to acquire Maxwell. Tesla is a well-respected and world-class innovator that shares a common goal of building a more sustainable future,” said Dr. Franz Fink, President and Chief Executive Officer of Maxwell. “We believe this transaction is in the best interests of Maxwell stockholders and offers investors the opportunity to participate in Tesla’s mission of accelerating the advent of sustainable transport and energy.”
Maxwell is a Kurz partner, and a leading developer and manufacturer of energy solutions.