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ADVIK acquires assets of Aceleron Energy Ltd. to expand into electric vehicle and EV storage systems space

Apr 08, 2024•over 1 year ago

Acquiring Company

ADVIK

Acquired Company

Aceleron Energy Ltd

PuneBromsgrove Information TechnologyRenewable EnergyEnergyManufacturing

Description

Pune-based automotive component manufacturer, ADVIK, has acquired the business assets of Aceleron Energy Ltd., indicating its entry into the electric vehicle and EV storage systems space. The acquisition aims to expand ADVIK's product range and customer base, integrating Li-Ion battery technology into its portfolio and enhancing the development of next-gen energy storage solutions.

Company Information

Company

ADVIK

Location

Pune, Maharashtra, India

About

ADVIK is a Pune-based automotive component manufacturer with annual sales of more than 100 million USD. It offers an extensive portfolio of products like Pumps, 2W Hydraulic Brake Systems, Valves & Actuators, Thermal Management System Valves, EGR, Cam Chain Tensioners, and Alternate Fuel System. The company serves automotive customers globally.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed