Ideanomics Completes Acquisition of US Hybrid
June 11, 2021
Ideanomics (NASDAQ: IDEX) completed its previously announced definitive agreement to acquire 100% of privately held US Hybrid, a manufacturer and distributor of electric powertrain components and fuel cell engines for medium and heavy-duty commercial fleets. Ideanomics plans to integrate US Hybrid’s technology into its Ideanomics Mobility ecosystem to accelerate commercialization of zero-emission transportation solutions.
- Buyers
- Ideanomics
- Targets
- US Hybrid
- Industry
- Transportation
- Location
- California, United States
- Transaction Type
- Buyout
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