The new company will focus on the design, development and engineering of battery systems and products for electric vehicles

SINGAPORE, Oct. 4, 2023 /PRNewswire/ -- Blackstone, in partnership with its portfolio company Interplex, a global leader in innovative and customized mechanical and interconnection products, has announced the strategic launch of ENNOVI, a new electrification solutions company mobility company that designs, develops and builds innovative interconnection solutions for batteries, power and signaling systems for the next generation of electric vehicles (EV). The launch of ENNOVI marks the culmination of a strategic reorganization and transformation of Interplex's core business to better serve its customers. As a new independent company, ENNOVI will focus primarily on automotive electrification solutions and will be led by Stefan Rustler as CEO.

ENNOVI is committed to serving the world's leading electric vehicle brands and manufacturers and helping them achieve a faster electric future, from anywhere in the world. The new company designs and develops batteries, energy platforms and signal interconnection solutions for the next generation of electric vehicles. Interplex will continue to prioritize the industrial and data communications market with high-precision mechanical solutions and busbar technologies.

Stefan Rustler, CEO of ENNOVI, explained: "I am delighted to introduce ENNOVI to the world. We are passionate about helping our customers electrify faster. This new chapter provides our mobility business with a renewed focus on the automotive industry, allocating the best talents in the industry. "To ensure we meet the growing demands of electric vehicle manufacturers. With the launch of ENNOVI, we are at the forefront of the latest technological advances shaping the industry."

Ed Huang, COO of Private Equity Asia, Blackstone, said: “We are excited about the creation of ENNOVI, which will focus on the electrification of mobility, a rapidly growing sector globally and a key contributor to broader change. towards sustainable energy. ENNOVI is well-positioned to offer innovative and customized solutions as a long-term strategic partner for its customers. ENNOVI will benefit from Interplex's 60-year track record and global experience in customized connector solutions."

Dr. Ulrich Spiesshofer, Chairman of Interplex and Chairman of Ennovi, Blackstone, said: "We have assembled for ENNOVI a global management team of strong and proven leaders who have decades of relevant technical and industry experience. Under the leadership of Stefan and With its global track record of shaping businesses for accelerated growth, ENNOVI will drive excellence in customer service as a focused global mobility solutions business and shape our operations to thrive in one of the fastest-growing industrial markets. growth".

Through this spin-off of ENNOVI from Interplex, the new business will better serve its global customer base and invest in its manufacturing and R&D sites, currently across major geographies.

Learn more about ENNOVI at: www.ennovi.com.

About ENNOVI:

ENNOVI, a mobility electrification solutions partner, is a global leader in the design and manufacturing of customized high-precision and interconnection system solutions for electric vehicles. The company is fully dedicated to the mobility market and has the agility to act quickly to address the needs of EV OEMs, from product, process and manufacturing, globally. ENNOVI is accelerating customer insights and requirements in the electric vehicle market through end-to-end competencies in battery platforms, energy and signal interconnection needs. Headquartered in Singapore, ENNOVI has more than 7,000 employees at 15 sites around the world, where all its activities are socially responsible, with minimal environmental impact. ENNOVI. Electrify faster. Learn more at www.ennovi.com.

About Blackstone:

Blackstone is the world's largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. To do this, we use great people and flexible capital to help companies solve problems. Our $1 trillion in assets under management includes investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth capital, opportunistic non-investment grade credit, real assets and secondary funds, all at the global level. world. More information is available at www.blackstone.com.

Press contacts:

ENNOVISelvan WilhelmSelvan.Wilhelm@ennovi.com

Agency contact:

Publitek USErin McMahonerin.mcmahon@publitek.com

Publitek GermanyCarsten Ottecarsten.otte@publitek.com

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