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Winnebago Industries Completes Acquisition Of Lithionics Battery

May 01, 2023•over 2 years ago

Acquiring Company

Winnebago Industries

Acquired Company

Lithionics Battery

Clothing And ApparelDesignCommerce And ShoppingTravel And TourismCommunity And LifestyleManufacturing

Description

Winnebago Industries, Inc. (NYSE: WGO), a leading outdoor lifestyle product manufacturer, today announced that it has completed its previously communicated acquisition of Lithionics Battery (“Lithionics”), a premier lithium-ion battery solutions provider to the recreational equipment and specialty vehicle markets.

Company Information

Company

Winnebago Industries

About

Winnebago Industries, Inc. (NYSE: WGO) is a leading North American manufacturer of outdoor lifestyle products under the Winnebago, Grand Design, Chris-Craft, Newmar and Barletta brands, which are used primarily in leisure travel and outdoor recreation activities. The Company builds quality motorhomes, travel trailers, fifth wheel products, boats and commercial community outreach vehicles. Winnebago Industries has multiple facilities in Iowa, Indiana, Minnesota and Florida. For access to Winnebago Industries' investor relations material or to add your name to an automatic email list for Company news releases, visit http://investor.wgo.net.

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