MTA acquires EDN
By Roberta Prandi21 May 2021
MTA announced the acquisition of 80% of shares in EDN, a Italy-based specialist in on-board battery chargers (OBC) and power converters for electric vehicles and for harsh environments.
The current shareholders will retain 20% of EDN’s shares together with their directional and operative positions inside the Company.
“With this operation, MTA is taking another step towards solidifying itself as a major player in electrification: the acquisition will expand MTA’s capabilities in the power electronics sector and it will strengthen its portfolio of components for green mobility, with the addition of products such as OBC, DC/DC Converters and Inverters,” said Antonio Falchetti, MTA CEO. “On the other side the transaction will accelerate EDN’s global growth by exploiting synergies within the group in terms of research and development, manufacturing footprint, logistic and commercial relationship.”
MTA supplies to OEMs manufacturing electric and hybrid vehicles a product range that includes High Voltage and 48 V fuses and fuse holders to power distribution units and connectors.