Compagnie Plastic Omnium SE (ENXTPA:POM) agreed to acquire ACTIA Power Division from ACTIA Group S.A. (ENXTPA:ATI) for an enterprise value of €52.5 million on June 27, 2022. The acquisition of ACTIA Power will be fully self-financed. Through the acquisition of ACTIA Power, Plastic Omnium will benefit from a new technological platform and cutting-edge R&D capabilities in electronic component design, electric power storage and management systems, as well as access to a strong customer portfolio in heavy mobility. ACTIA Power generated the revenue of €22 million in 2021. At the closing of the agreement, ACTIA Power employees will join Plastic Omnium's Clean Energy Systems (CES) Division, dedicated to storage and energy management systems and solutions. Transaction closing is scheduled in the third quarter 2022. Mathieu Remy, Julien Brun, Dessislava Savova, and Jérémy Guilbault Clifford Chance France acted as legal advisors to Compagnie Plastic Omnium SE (ENXTPA:POM).

Compagnie Plastic Omnium SE (ENXTPA:POM) completed the acquisition of ACTIA Power Division from ACTIA Group S.A. (ENXTPA:ATI) on August 1, 2022.