Preh is to acquire ePower, a business unit of Kongsberg Automotive, Norway.
EPower was founded in 2011 to develop and market on-board chargers which are now in series production and used in powertrains for electric and hybrid vehicles.
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The company currently employs 20 people and has two development centres in Gothenburg and Mullsjö in Sweden. In addition, the high-tech specialist draws on a network of around 50 engineering consultants, who operate out of Sweden and India.
“EPower is a speedboat in one of the most dynamic growth segments of the automotive industry,” said Preh CEO, Christoph Hummel.
“As a young company, ePower has the creativity and innovative power of a start-up, but at the same time, its team has demonstrated a high level of professionalism in cooperation with renowned customers such as Volvo and Lynk & Co.”
The contracting parties have not announced the purchase price and the transaction is expected to close by the end of this year.
