MTA to acquire majority stake in EFI Technology

MTA, a developer and producer of electrical and electronic products for the automotive industry, has signed an agreement to acquire 60% of the shares of EFI Technology. Current shareholders will retain the remaining 40% of the shares, maintaining their management and operational roles. The transaction is expected to be completed in the coming weeks.

EFI Technology is an Italian company specializing in powertrain control systems for combustion and electric vehicles. Its range also includes battery management systems, inverters, body computers and active suspension controls.

With the acquisition of the majority share of EFI Technology, MTA adds experience in the field of electronics for actuation and engine control, it noted, building on its portfolio of solutions for OEMs. The company previously acquired EDN S.r.l., a supplier of onboard battery chargers and power converters for electric and hybrid vehicles, in 2023, as well as the Calearo S.p.A. business unit, which supplies antennas and wireless connectivity solutions, in 2024.

“This acquisition, in line with previous ones, contributes to a further increase in our product range and strengthens the international role of MTA, particularly in strategic markets such as India and China, where EFI Technology boasts a strong presence and MTA already owns production facilities,” Antonio Falchetti, executive director of MTA, commented.

“EFI Technology’s shareholders have found in MTA an entrepreneurial group with family roots that we are certain represents the ideal partner for the company’s future development,” said Piero Campi, CEO of EFI Technology, “thanks to the important synergies that we will be able to bring into play both in terms of the sectors covered by the products and of sharing strategic reference markets.”