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Tesla to Acquire Ultracapacitor Company Maxwell

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Tesla plans to acquire ultracapacitor company Maxwell Technologies in a deal announced Monday by the two companies.

Ultracapacitors

Mike Wilk, Maxwell senior systems engineer, is part of the team that installed the first ultracapacitor energy storage system on UC San Diego’s microgrid. (Photo: Maxwell Technologies)

The San Diego, California manufacturer would become a wholly owned subsidiary of Tesla in the all-stock acquisition. The offer values Maxwell common stock at $4.75/share, a 54.7% premium to its closing price Friday of $3.07.

The $218 million sale is expected to close in the second quarter of 2019….

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Author: Elisa Wood

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