The deal sees CRU, a global commodities business intelligence company, expand its energy transition offering. Founded in 2015, Exawatt provides strategic consulting and research in solar PV, energy storage, power electronics and electric vehicles.
The move marks the partnership of two businesses that bring vital insight to energy transition infrastructure investors and stakeholders worldwide. Yorkshire-based Exawatt has an intricate understanding of the technology, manufacturing and materials behind critical technologies relating to decarbonisation through electrification, from battery energy storage systems (BESS) to electric vehicle powertrains, to solar cells and modules. This is complemented by CRU’s deep expertise, data and insight into the related critical commodities involved.
The acquisition sees CRU retain all of Exawatts employees, bringing its workforce to more than 380 team members in 15 locations around the world, including Exawatt's Sheffield headquarters, giving CRU a second UK hub.
DWF's Corporate team of advisors included partner Darren Ormsby, senior associate Katy Phillips, and associate Eleanor Chatterton as well as partner James Cashman and solicitor Christine Saunders for tax.
Darren Ormsby said: "We're thrilled to have helped CRU improve its client offering through the purchase of Exawatt. Energy transition has and will continue to be a focal point for businesses in any sector, and this acquisition will allow CRU to provide an even more complete service to its clients. Members of our Corporate and Tax team worked diligently to complete this deal that will have a positive impact for a number of stakeholders in the commodity sector."
The move marks the partnership of two businesses that bring vital insight to energy transition infrastructure investors and stakeholders worldwide. Yorkshire-based Exawatt has an intricate understanding of the technology, manufacturing and materials behind critical technologies relating to decarbonisation through electrification, from battery energy storage systems (BESS) to electric vehicle powertrains, to solar cells and modules. This is complemented by CRU’s deep expertise, data and insight into the related critical commodities involved.
The acquisition sees CRU retain all of Exawatts employees, bringing its workforce to more than 380 team members in 15 locations around the world, including Exawatt's Sheffield headquarters, giving CRU a second UK hub.
DWF's Corporate team of advisors included partner Darren Ormsby, senior associate Katy Phillips, and associate Eleanor Chatterton as well as partner James Cashman and solicitor Christine Saunders for tax.
Darren Ormsby said: "We're thrilled to have helped CRU improve its client offering through the purchase of Exawatt. Energy transition has and will continue to be a focal point for businesses in any sector, and this acquisition will allow CRU to provide an even more complete service to its clients. Members of our Corporate and Tax team worked diligently to complete this deal that will have a positive impact for a number of stakeholders in the commodity sector."
