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Group14 Technologies Acquires Schmid Silicon In Milestone European Expansion

Jul 24, 2023almost 2 years ago

Acquiring Company

Group14 Technologies

Acquired Company

Schmid Silicon

Woodinville

Description

Group14 Technologies, the leading global manufacturer and supplier of advanced silicon battery technology, acquired Schmid Silicon Technology Holding GmbH (Schmid Silicon), the most technologically advanced silane producer in Europe, in a landmark move to strengthen the global battery supply chain and meet demand for silicon battery technology worldwide. As part of the acquisition, Group14 will bring online Schmid Silicon's state-of-the-art silane factory in Spreetal (Schwarze Pumpe), Germany, to support its expanding European operations. The milestone serves to insulate Group14's customers and partners from potential supply chain disruptions – particularly in the automotive industry – and sets up the company to localize integrated silicon battery technology manufacturing in Europe.

Company Information

Company

Group14 Technologies

Location

5809 238TH ST SE, SUITE 1

Woodinville, Washington, United States

About

Founded to enable the coming electrification of everything, Group14 is the leading commercial manufacturer and supplier of silicon battery technology to elevate the performance for all applications. Group14 currently operates a commercial-scale Battery Active Materials factory in Woodinville, Washington, with two additional forthcoming factories: a joint venture factory with SK, Inc. in South Korea and a second U.S. factory. To date, Group14 has raised $650 million in financing from notable investors and customers such as Porsche AG, Microsoft Climate Innovation Fund, OMERS Capital Markets, Decarbonization Partners, Amperex Technology Limited (ATL), BASF, Showa Denko and SK Inc. Visit us at www.group14.technology.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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