MTA has announces the acquisition of 80% share of EDN, an Italian company, leader in the design and manufacturing of OBCs (On-Board battery Chargers) 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.
MTA’s products portfolio supplied to OEMs, manufacturing electric and hybrid vehicles, ranges from High Voltage and 48 V fuses and fuse holders to power distribution units and connectors.
“With this operation, MTA is taking another step towards solidifying itself as a major player in electrification,” said Antonio Falchetti, MTA CEO. “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. 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.”
The joint know-how of EDN and MTA will offer state-of-the-art power electronic solutions to support global producers in their vehicles’ electrification.
MTA and EDA will participate together at the 2021 edition of Zeroemission, the Italian exhibition dedicated to technologies and solutions for the promotion of renewable energies and electric mobility. EDN products such as on-board battery chargers (OBC) and power converters will be on display at stand B16, while MTA will showcase fuses, fuse holders, power distribution units and connectors for high voltage and 48V architectures, together with dashboards and displays.