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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