HomeElectric Semi TrucksNikola Motor CompanyElectric truck company Nikola to acquire battery pack supplier Romeo Power

Electric truck company Nikola to acquire battery pack supplier Romeo Power

Nikola Corp. will acquire Romeo Power Inc in an all-stock deal. The all-stock transaction between two manufacturers that went public via blank-check deals in 2020 values Romeo Power at about $144 million, according to a statement Monday. That’s only about 11% of the estimated $1.33 billion value at which California-based Romeo Power agreed to merge with a SPAC.

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