Winnebago Industries To Acquire Premier Lithium-Ion Battery Solutions Provider Lithionics Battery
Acquiring Company
Winnebago Industries
Acquired Company
Lithionics Battery
Eden PrairieManufacturingCommerce and ShoppingTravel and TourismCommerce And ShoppingCommunity And LifestyleClothing And ApparelDesignTravel And TourismTravelManufacturingDescription
Winnebago Industries, Inc. (NYSE: WGO), a leading outdoor lifestyle product manufacturer, today announced that it has reached a definitive agreement to acquire Lithionics Battery (“Lithionics”), a lithium-ion battery solutions provider to recreational equipment and specialty vehicle markets. The addition of Lithionics will provide Winnebago Industries with enhanced technological and engineering capabilities to offer consumers more differentiated products with innovative electrical solutions, as well as bring strategic sourcing benefits and secure a critical area of its supply chain. Terms of the deal were not disclosed.
Quick answer
Winnebago Industries is acquiring Lithionics Battery, announced March 27, 2023. Winnebago Industries is based in Eden Prairie, Minnesota, United States.
- How much did Winnebago Industries pay for Lithionics Battery?
- The deal value was not disclosed.
- What does Winnebago Industries do?
- Winnebago Industries, Inc. is a Minnesota-based manufacturer primarily engaged in the production of recreational vehicles, including motorhomes, travel trailers, and fifth wheel units.
- Where are Winnebago Industries and Lithionics Battery based?
- Winnebago Industries is based in Eden Prairie, Minnesota, United States.
Source: Fundz verified event record.
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Frequently asked
Who acquired Lithionics Battery?
Lithionics Battery was acquired by Winnebago Industries, based in Eden Prairie. The deal was reported on March 27, 2023. Winnebago Industries, Inc. is a Minnesota-based manufacturer primarily engaged in the production of recreational vehicles, including motorhomes, travel trailers, and fifth wheel units. Winnebago Industries is publicly traded (WGO) and operates in Manufacturing.
When did Winnebago Industries acquire Lithionics Battery?
Winnebago Industries's acquisition of Lithionics Battery was reported on March 27, 2023. Winnebago Industries, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Lithionics Battery do?
Lithionics Battery is a leading provider of lithium-ion batteries to the recreational equipment and specialty vehicle markets. It is privately held, operating in Manufacturing.
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