Blackboxstocks Acquisition Target, Evtec Aluminium, Receives $67M Supply Contract From Jaguar Land Rover
Portfolio Pulse from Benzinga Newsdesk
Evtec Aluminium, a target for acquisition by Blackboxstocks (BLBX), has secured a $67M supply contract from Jaguar Land Rover. This contract enhances Evtec's current order book to $847 million, with the parts supplied to be utilized in Jaguar's new electric vehicles set for a 2025 release.
February 01, 2024 | 1:11 pm
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Blackboxstocks' acquisition target, Evtec Aluminium, has received a significant $67M supply contract from Jaguar Land Rover, indicating potential revenue growth and strategic positioning in the electric vehicle sector.
The acquisition of Evtec Aluminium by Blackboxstocks (BLBX) could significantly benefit from the new $67M contract with Jaguar Land Rover. This contract not only adds to Evtec's substantial order book but also positions BLBX favorably in the burgeoning electric vehicle market. The strategic importance of this acquisition and contract suggests a positive outlook for BLBX's revenue and market positioning in the short term.
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