MTA acquires majority stake in EDN

MTA Spa, Codogno, Italy, – a leading company in the design and production of electrical and electronic components for manufacturers of cars, motorcycles, trucks, agricultural vehicles and earthmoving machines – has announced the acquisition of 80% shares of EDN Group, Muggiò, Italy, a market leader in the design and manufacturing of On-Board battery Chargers (OBCs) and power converters for electric vehicles and for harsh environments. The current shareholders will retain 20% of EDN’s shares together with their directional and operative positions inside the Company.

Antonio Falchetti, MTA CEO, said: “With this operation, MTA is taking another step towards solidifying itself as a major player in electrification: the acquisition will expand MTA’s capabilities in the power electronics sector and it will strengthen its portfolio of components for green mobility, with the addition of products such as OBC, DC/DC converters and inverters. On the other side, the transaction will accelerate EDN’s global growth by exploiting synergies within the group in terms of research and development, manufacturing footprint, logistic and commercial relationship.”

MTA’s products portfolio supplied to OEMs, manufacturing electric and hybrid vehicles, ranges from High Voltage and 48V fuses and fuse holders to power distribution units and connectors.

The joint know-how of EDN and MTA will offer state-of-the-art power electronic solutions to support global producers in their vehicles’ electrification.

Previous articleNanoGraf reaches energy-density milestone for its lithium-ion battery material: 3.8 Ah 18650, 800 Wh/L
Next articleFREYR in negotiations for building battery production facilities in the US