Midas Atlantic, Najafi sign deal for Panasonic power, battery unit
- Product range includes industrial power devices, wireless modules, battery disconnect units and high-voltage DC-DC converters
- The business pairs deep analog circuit engineering expertise with digital controllability and high-volume manufacturing
- The Najafi Companies, founded by Jahm Najafi in 2002, is Midas Atlantic’s principal investment partner for carve-outs
Midas Atlantic Partners, in partnership with the Najafi Companies, has signed an agreement to acquire the European power and battery control business of Panasonic Industry, a subsidiary of Panasonic Holdings. The transaction covers operations in Germany and Slovakia and is expected to close on February 1, 2027.
The business supplies power and battery control components for industrial and automotive customers, including industrial power devices, wireless modules, battery disconnect units and high-voltage DC-DC converters. Headquartered in Germany with manufacturing in Slovakia, it generated revenues of approximately €413 million in the fiscal year ended March 2026 and serves a blue-chip customer base.
Midas Atlantic is a private equity group focused on corporate carve-outs and special situations, investing without fund life constraints, which it says allows it to stay invested through market cycles. The Najafi Companies, founded by Jahm Najafi in 2002, invests exclusively its own capital and is Midas Atlantic’s principal investment partner for carve-out transactions, according to the company.
The deal is subject to customary closing conditions and regulatory approvals.
Editor’s note: This news brief was produced with the assistance of artificial intelligence.
