TREMEC Acquires Electric GT to Expand ICE-to-BEV Conversion Capabilities

August 17, 2023

TREMEC, a subsidiary of Grupo KUO, acquired Electric GT, a provider of plug-and-play EV conversion systems, and will operate the business as TREMEC – Electric GT out of Electric GT's Huntington Beach, California headquarters. The deal broadens TREMEC's aftermarket and specialty-vehicle product portfolio by adding complete EV powertrain systems (batteries, motors, inverters, gearboxes and control systems) for ICE-to-BEV conversions.

Buyers
TREMEC, Grupo KUO
Targets
Electric GT, Inc.
Industry
Automotive
Location
California, United States
Transaction Type
Buyout

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