Cenntro Electric Group Completes Acquisition Of Majority Interest In Tropos Motors Europe
Acquiring Company
Cenntro Automotive Group Ltd
Acquired Company
Majority Interest
FreeholdManufacturingCommerce and ShoppingAutomotiveDescription
Cenntro Electric Group Limited (NASDAQ: CENN), a leading EV technology company with advanced, market-validated electric commercial vehicles, today announced that it completed the previously-announced acquisition of a 65% equity interest in Tropos Motors Europe GmbH (“TME”), a wholly owned subsidiary of Mosolf SE & Co. KG (“Mosolf”), for €3.25 million and the assumption of 100% of a shareholder loan from Mosolf to TME in the amount of €11.9 million.
Quick answer
Cenntro Automotive Group Ltd is acquiring Majority Interest, announced March 25, 2022. Cenntro Automotive Group Ltd is based in Freehold, New Jersey, United States.
- How much did Cenntro Automotive Group Ltd pay for Majority Interest?
- The deal value was not disclosed.
- What does Cenntro Automotive Group Ltd do?
- Cenntro Electric Group (NASDAQ: CENN) is a leading EV technology company with advanced, market-validated electric commercial vehicles.
- Where are Cenntro Automotive Group Ltd and Majority Interest based?
- Cenntro Automotive Group Ltd is based in Freehold, New Jersey, United States.
Source: Fundz verified event record.
Other recent acquisitions in Commerce and Shopping and Automotive
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Action Packaging And Signature Flexible Packaging Complete Acquisition Of Techflex Packaging, Llc And Rebrand As Dazpak Flexible Packaging (March 9, 2022)
- Cenntro Electric Acquires Majority Interest Of Tropos Motors Europe To Expand European Assembly Capability And Distribution Networks In Emea And Adds A Strategic Customer Network In Europe (March 7, 2022)
- Group 1 Automotive Acquires High Volume Toyota Dealership In Austin, Texas (March 7, 2022)
- Leading Autodesk Advanced Manufacturing Gold Solution Provider Dsi Acquires Silverhawk Solutions To Better Serve Autodesk Fusion 360 Users In The Usa And Canada (May 9, 2022)
- Conmed Announces Definitive Agreement To Acquire In2Bones Global, Inc. (May 4, 2022)
- Woodgrain Acquires Huttig Building Products (May 3, 2022)
Who to call at Cenntro Automotive Group Ltd, and when
When Cenntro Automotive Group Ltd changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Cenntro Automotive Group Ltd raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Cenntro Automotive Group Ltd, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Cenntro Automotive Group Ltd. With Fundz connected, it knows.
AI made execution free. Knowing first is the whole game now.
Fundz sees it the moment Cenntro Automotive Group Ltd makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Frequently asked
Who acquired Majority Interest?
Majority Interest was acquired by Cenntro Automotive Group Ltd, based in Freehold. The deal was reported on March 25, 2022. Cenntro Electric Group (NASDAQ: CENN) is a leading EV technology company with advanced, market-validated electric commercial vehicles. Cenntro Automotive Group Ltd is publicly traded (CENN) and operates in Manufacturing.
When did Cenntro Automotive Group Ltd acquire Majority Interest?
Cenntro Automotive Group Ltd's acquisition of Majority Interest was reported on March 25, 2022. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Majority Interest do?
Majority Interest is the company acquired in this transaction. It is privately held.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
5 screens from a live account. No signup.