Briefing

Calgary EV tech developer Exro to buy SEA Electric in $332M deal

Exro’s Coil Driver technology helps electric vehicles operate more efficiently. California-based SEA builds systems that power EVs. Exro plans to integrate the two platforms following the acquisition. The equity-and-debt deal is expected to close by the end of the first quarter and is subject to shareholder approval and other customary closing conditions. (The Logic)

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