Fortescue (FFI) Acquires Williams Advanced Engineering

January 24, 2022

Fortescue Metals Group, via its green-energy arm Fortescue Future Industries (FFI), has agreed to acquire UK-based Williams Advanced Engineering (WAE) for £164 million to accelerate development of battery and electrification technologies for decarbonising heavy industry. The deal brings WAE's high-performance battery systems, IP and engineering capability into Fortescue's green energy strategy to support zero-emission heavy mobile equipment, rail and industrial transport.

Buyers
Fortescue Metals Group, Fortescue Future Industries (FFI)
Targets
Williams Advanced Engineering
Sellers
EMK Capital
Industry
Renewable Energy
Location
Oxfordshire, United Kingdom
Transaction Type
Buyout

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