Ardian to take majority stake in German battery-tech firm Munich Electrification

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Ardian plans to acquire a majority stake in German battery-technology company Munich Electrification, with funds aimed at expanding into new markets such as data centers, drones, defense, and robotics. The founders will retain minority ownership while management also invests alongside Ardian.

Founded in 2014 with around 300 employees, the company’s founders will retain a minority stake while its management team also invests alongside Ardian Fresh capital is earmarked for expansion into adjacent markets including data centers, non-road mobile machinery, drones and defense, and automation and robotics, plus selective buy-and-build deals Management team draws on prior experience […] The post Ardian to take majority stake in German battery-tech firm Munich Electrification appeared first on PE Hub.