Blackboxstocks, Inc. Acquires Evtec Aluminium Limited

December 13, 2023

Blackboxstocks, Inc. (NASDAQ: BLBX) signed a definitive agreement to acquire UK-based Evtec Aluminium Limited, with the deal expected to close in Q1 2024. Evtec projects approximately $52 million in revenue for fiscal year ending June 30, 2024, has a large order book (~$778 million) and supplies proprietary components to OEMs including Jaguar Land Rover; Blackbox will hold 26.7% of the combined company post-merger and has already acquired a 13% stake in sister company Evtec Automotive with plans to acquire the remainder in parallel.

Buyers
Blackboxstocks, Inc.
Targets
Evtec Aluminium Limited, Evtec Automotive
Industry
Automotive
Location
United Kingdom
Transaction Type
Buyout

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