LONDON - Equipmake Holdings PLC, known for its expertise in electrification technologies for vehicles, has announced ongoing discussions with several interested parties following the initiation of a strategic review and formal sale process. The company, which caters to the automotive, truck, bus, and specialty vehicle sectors, started this process on December 6, 2024.
The strategic review has garnered credible interest from potential strategic investors, partners, and acquirers. Equipmake's board is actively engaged with these parties while continuing to fulfill orders for existing customers and seeking new business opportunities aimed at achieving profitability in the medium term.
Equipmake has stated that it remains debt-free, with the exception of several equipment finance lease agreements. The company is currently in an "Offer Period" as defined by the Takeover Code, which means that certain dealing disclosure requirements are in effect.
The board has committed to providing updates on the strategic review and sale process when appropriate. This announcement is considered to contain inside information as per the Market Abuse Regulation (MAR), which is now public following this disclosure.
The company's strategic review comes at a time when the electrification of transportation is gaining momentum globally. Equipmake's position as a market leader in this field makes it a notable entity in the industry, especially for those looking to invest in or acquire companies with advanced electrification solutions.
The information for this article is based on a press release statement from Equipmake Holdings PLC.
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