- Webasto will remain a minority shareholder
- Transom is a private equity firm specialising in middle market investments
- Webasto is based in Munich, Germany
Transom Capital Group will acquire a majority stake in Webasto Charging Solutions, an electric vehicle charging products and service provider, from Webasto Group.
Webasto will remain a minority shareholder.
“Charging is at the forefront of the global transition toward electric vehicles, and Webasto presented a rare opportunity to invest in a business of significant scale and in an underlying market on a hockey stick growth curve,” said Russ Roenick, co-founder and managing partner at Transom Capital Group.
Transom is a private equity firm specialising in middle market investments. It is based in Los Angeles, California.
Munich, Germany-based Webasto generated sales of over €4 billion and employed about 16,800 people at more than 50 locations. The group has invested heavily in electromobility in the recent years to expand its product portfolio.
No financial details of the transaction were disclosed.