AURELIUS Acquires Panasonic's European Consumer Battery Business (Panasonic Consumer Energy)
March 17, 2021
AURELIUS Equity Opportunities SE & Co. KGaA, together with co-investing AURELIUS entities, has agreed to acquire Panasonic's European Consumer Battery Business (Panasonic Consumer Energy) from Panasonic Europe B.V. The business, headquartered in Zellik, Belgium with manufacturing sites in Belgium and Poland, employs around 900 people and generated roughly EUR 230 million in revenue in 2019; the deal is a carve-out structured to create a standalone platform under AURELIUS.
- Targets
- Panasonic Consumer Energy (Panasonic's European Consumer Battery Business)
- Sellers
- Panasonic Europe B.V.
- Industry
- Manufacturing
- Location
- Flemish Brabant, Belgium
- Transaction Type
- Buyout
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