Webasto Group, one of the 100 leading suppliers to the automotive industry worldwide, will acquire AeroVironment’s Efficient Energy Systems (EES) business segment for $35 million, subject to customary post-closing adjustments and indemnification agreements. Webasto will retain all existing EES employees, while strengthening its long-term e-mobility strategy.

This strategic acquisition accelerates the global development of our charging business. Combining EES’ fundamental know-how in electric vehicle technology with our position as a global systems partner to almost all OEMs emphasizes the long-term strategic development of the Webasto Group.

—Holger Engelmann, chairman of the management board, Webasto SE

Webasto said that its acquisition of AeroVironment’s EES business segment contributes to Webasto’s dual strategy. With this strategy, Webasto strengthens its existing core business areas in Sunroofs, Convertibles and Thermo Systems and participates in new business areas, focusing on battery systems and plug-in electric vehicle charging solutions.