MTA announces the acquisition of 80% share of EDN, an Italian company which designs and manufactures OBCs (On-Board Battery Chargers) 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 Executive Director, 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. MTA SpA
“On the other side,” continues Falchetti, “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 supplies OEMs manufacturing electric and hybrid vehicles a range of products 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.