Preh acquires “ePower” from Kongsberg Automotive

Bad Neustadt a. d. Saale/Kongsberg. Preh GmbH is acquiring “ePower”, a business unit of Kongsberg Automotive ASA in Kongsberg, Norway. ePower was founded in 2011 in order to develop and market on-board chargers which are now in series production and used in the powertrain for electric and hybrid vehicles. ePower currently employs 20 people and has two development centers in Gothenburg and Mullsjö in Sweden. In addition, the high-tech specialist draws on a proven network of around 50 engineering consultants, who both operate out of Sweden and India. For Preh, the acquisition of ePower is a targeted strengthening of its own e-mobility activities. The contracting parties have agreed not to announce the purchase price. The transaction is expected to close by the end of 2017.