Webasto says it is in advanced talks to sell its battery systems business
Webasto is seeking to divest its battery systems division and says it is in advanced negotiations with two strategic investors. A sale could ease financial pressure on the supplier if it is completed later this year.
Webasto is looking to sell its battery systems business, according to media reports cited in the source. CEO Jörg Buchheim said the company is in advanced negotiations with two strategic investors.
A deal could be finalised later this year, the source says. The proceeds would provide financial relief to the struggling supplier.
No further details on the potential buyers or transaction terms were provided.