Mooreland continues to lead in global Electric Vehicle related M&A
FOSTER CITY, CA – July 11, 2018 – Mooreland Partners, the leading independent investment bank providing M&A and private capital advisory services to the global technology industry, announced today that it acted as the exclusive financial advisor to AeroVironment, Inc. (NASDAQ:AVAV) on the sale of its Efficient Energy Systems business segment to Webasto Group (“Webasto”). The Efficient Energy Systems business focuses on battery systems and plug-in electric vehicle charging solutions.
Based in Monrovia, California, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. Webasto, one of the 100 leading suppliers to the automotive industry worldwide, is a developer and producer of sunroofs and other roof systems as well as thermo systems for a variety of vehicle types.
This is the fourth transaction on which Mooreland has advised in the electric vehicle sector, following on the successful sales of Delta-Q Technologies to ZAPI SpA, IES Synergy to Eurazeo and Epyon to ABB. “The infrastructure underpinning the growing electric vehicle market is a critical piece of the broader automotive ecosystem. With its global reach and extensive industry relationships, Mooreland continues to be well positioned to advise on transactions that shape the future of automotive technology,” said Charlie Bullock, Managing Director in Mooreland Partners’ Silicon Valley office.