The management consultancy Falkensteg reports that it carried out the acquisition process between the Turkish investor and Pepper Motion and specifies that the unnamed buyer will take over the companys operational capacities in Germany and the development expertise for modular electric and hydrogen drives. Pepper Motion specialised in zero-emission drive kits for new and existing commercial vehicles, such as battery-electric drives for installation in buses and trucks as well as fuel cell drive systems, which were only recently launched in an initial small series.
According to the press release, Pepper Motion had to initiate insolvency proceedings under self-administration in February 2024. Pepper filed the corresponding application with…
Read the full article at: https://www.electrive.com/2024/06/03/following-insolvency-turkish-investor-buys-pepper-motion/