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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