U.S. Tesla agrees to acquire Maxwell Technologies for $218 mln

02/04/2019 3:52:00 PM (GMT)

U.S.-based electric automotive company Tesla Inc. announced that it has agreed to acquire battery technology maker Maxwell Technologies Inc.

Under the deal, Tesla will pay approximately $218 million in stock for Maxwell Technologies.

The purchase price of $4.75 a share will represent about 55 percent premium.

Tesla said that the deal will allow Maxwell shareholders to participate in its mission of accelerating the advent of sustainable transport and energy.

Tesla Inc.

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