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Tesla Announces Final Offer to Battery Company

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May 15, 2019—Tesla announces its final offer to acquire battery company Maxwell and the deal is expected to close this week after initially being announced in February, according to ElectrekThe entire transaction would be worth $235,674,520.50.

Earlier this year, Tesla announced the acquisition of the San Diego-based ultracapacitor and battery company Maxwell for over $200 million.

The company says that the offer is set to expire by the end-of-day “on May 15, 2019, unless it is further extended or earlier terminated in accordance with the merger agreement between Tesla and Maxwell.”

Maxwell is best-known as an ultracapacitor manufacturer and it has also recently been discussing a dry electrode technology for batteries.

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