Home Truck News Transom Capital takes over Webasto's charging business - Truck News

Transom Capital takes over Webasto’s charging business – Truck News

Transom Capital Group, headquartered in Los Angeles, will acquire a majority stake in Webasto’s charging business.

The two companies signed a corresponding purchase agreement on Feb. 7.

While Webasto divests its charging business to focus on its core businesses, it will remain a minority shareholder in the division, said Marcel Bartling, Webasto’s chief technology officer.

(Image: Webasto Group)

“Charging is at the forefront of the global transition toward electric vehicles and we are super excited to partner with Webasto to continue to grow the charging solutions business,” said Russ Roenick, founder and managing partner at Transom Capital Group.

Webasto has invested heavily in electro-mobility in recent years in order to expand its product portfolio. In 2022, the company made the strategic decision to seek an investor for the wallbox and mobile charger business.

Credit: Source link


Please enter your comment!
Please enter your name here

Must Read

Volvo’s new VNL keeps drivers comfortable and safe – Truck News

Trucking companies need drivers to fill seats in their trucks, and those...

Midland Transport wins team award at Atlantic Driving Championship – Truck News

Midland Transport won the team award at the recent Atlantic Driving Championship. The winner’s list 5-axle division: 2-axle division: Management division: Rookie of the...

Trucking Announcements: Bestpass appoints Moos as CFO, PMTC names YLG board – Truck News

Each week, TruckNews.com lists notable moves, promotions and awards in the trucking industry. This week,...

PMTC announced Vehicle Graphics Design competition winners – Truck News

The Private Motor Truck Council of Canada (PMTC) has announced the award...

Bison Transport driver Gillmore honored with second TCA Highway Angel award – Truck News

The Truckload Carriers Association (TCA) named truck driver Darrin Gillmore from Barrie,...