M&A · Industrials · Buyer's industry: Motor Vehicles & Passenger Car Bodies
Workhorse Group Inc. to acquire Motiv Power Systems, Inc.
Announced Aug 15, 2025 · Closed Dec 15, 2025 · Private target
Deal value—
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationAll stock
Transaction
- Acquirer
- Workhorse Group Inc. (WKHS)
- Target
- Motiv Power Systems, Inc.
- Buyer type
- Strategic
- Offer price per share
- —
- Enterprise value
- —
- Status
- Closed Dec 15, 2025
Deal protections
Not disclosed for private-company acquisitions.
Advisors
- To the acquirer
- Stifel
- To the target
- TD Cowen
Classification
- Sector
- Industrials
- Buyer's industry
- Motor Vehicles & Passenger Car Bodies