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Transom Capital Group to take over Webasto’s EV charging business

German automotive supplier Webasto is divesting its EV charging business to strategically focus on its core business areas.
By James Foster February 15, 2024 Read time: 1 min
Webasto has invested heavily in electromobility in recent years in order to expand its product portfolio. Image: Webasto
Webasto has invested heavily in electromobility in recent years in order to expand its product portfolio. Image: Webasto

US-headquartered Transom Capital Group will acquire a majority stake in Webasto’s charging solutions business, one of the top 100 suppliers to the automotive industry. Webasto will remain a minority shareholder in the division.

"I am pleased that we have gained a partner that will continue the success story of our charging solutions business while continuing to offer development opportunities to the many highly qualified colleagues who are part of the business,” said Marcel Bartling, Webasto CTO. “At the same time, this move allows Webasto to concentrate on its core business areas.”

Webasto has invested heavily in electromobility in recent years in order to expand its product portfolio. In 2022, the company made the strategic decision to seek an investor for its wallbox and mobile charger business.

Webasto is in close dialogue with the affected employees. The sites in Planegg (Germany), Monrovia (USA) and Guanajuato (Mexico) will be retained by the charging business after the sale.

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