Tesla grabs ultracap expert Maxwell

February 05, 2019 //By Peter Clarke
Tesla grabs ultracap expert Maxwell
Electric car company Tesla Inc. is set to buy ultracapacitor and energy storage company Maxwell Technologies Inc. (San Diego, Calif.) in an all stock deal worth $218 million, according to reports

After the deal concludes Maxwell will become and operate as a wholly-owned subsidiary of Tesla. The deal has been agreed by Maxwell' board of directors but is subject to regulatory approval, customary closing conditions and is expected to close in 2Q19 or shortly thereafter.

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