Midas Atlantic and Najafi Companies to acquire Panasonic Industry power business in Germany and
Midas Atlantic Partners, with The Najafi Companies, signed an agreement to acquire Panasonic Industry’s European power and battery control solutions business, which generated about EUR 413 million in fiscal 2026 revenues. The multi-jurisdictional carve-out will close February 1, 2027, subject to customary conditions and regulatory approvals, following Panasonic Industry’s shift toward its core portfolio and focus on its employees.