B‑On Global Acquires Deutsche Post DHL's EV Manufacturing Business for €110M
November 12, 2024
B‑On Global completed a €110 million buyout of Deutsche Post DHL’s EV manufacturing business (historically associated with StreetScooter), with KingsRock Advisors acting as sole financial advisor to B‑On. The transaction transfers ownership of the EV manufacturing operations in Germany from Deutsche Post DHL Group to B‑On Global, supporting B‑On’s expansion of commercial electric vehicle manufacturing capabilities and fleet solutions.
- Buyers
- B-On Global
- Targets
- Deutsche Post DHL's EV manufacturing business (StreetScooter)
- Sellers
- Deutsche Post DHL Group
- Industry
- Automotive
- Location
- North Rhine-Westphalia, Germany
- Transaction Type
- Buyout
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