An important milestone in Plastic Omnium’s growth strategy in the fast-growing field of electrification.
Plastic Omnium has agreed with ACTIA Group to acquire 100% of ACTIA Power Division for an enterprise value of €52.5m, with a closing scheduled in the third quarter 2022. The agreement follows Plastic Omnium’s announcement on March 29th that it had entered into exclusive negotiations with ACTIA. The acquisition of ACTIA Power will be fully self-financed.
Through the acquisition of ACTIA Power, Plastic Omnium will benefit from a new technological platform and cutting-edge R&D capabilities in electronic component design, electric power storage and management systems, as well as access to a strong customer portfolio in heavy mobility.