Winnebago Industries, Inc. completed its previously announced Lithionics Battery acquisition.
Lithionics is a lithium-ion battery solutions provider to the recreational equipment and specialty vehicle markets.
“The addition of Lithionics accelerates our innovation in diverse battery solutions and advances our overall electrical ecosystem,” said Mike Happe, Winnebago Industries president and CEO, “creating more opportunities for our RV and marine products to capitalize on consumer preferences for fully immersive, off-the-grid outdoor experiences, while enhancing our enterprise margin profile.”
J.P. Morgan Securities LLC served as exclusive financial advisor to Winnebago Industries and Faegre Drinker Biddle & Reath served as legal advisor.
“Following years of close partnership, we are pleased to welcome the talented Lithionics team to the Winnebago Industries family,” Happe said. “We look forward to working together to expand the use of Lithionics’ efficient energy solutions within our own portfolio, as well as supporting Lithionics in growing relationships with its existing customers and exploring new market applications for its premier battery solutions.”
