Maxwell Technologies sells HV product line to Renaissance to focus on energy storage for EVs
Green Car Congress
DECEMBER 25, 2018
Maxwell Technologies, Inc., a leading developer and manufacturer of energy storage and power delivery technology, has simultaneously signed and closed a definitive agreement to sell its High Voltage (HV) product line to Renaissance Investment Foundation. Under terms of the agreement, Maxwell sold all shares of its Swiss subsidiary, Maxwell Technologies SA, and its CONDIS line of high voltage capacitors for $55.1 million in cash and up to $15 million in potential future milestone payments to a sp
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