Blackstone and Interplex Unveil ENNOVI
In a groundbreaking partnership, Blackstone Private Equity and its portfolio company, Interplex, a global leader in innovative and customized interconnect and mechanical products, have unveiled ENNOVI. This new venture is set to revolutionize the electric vehicle (EV) industry with its state-of-the-art interconnect solutions for battery, power, and signal systems.
A Strategic Transformation
The birth of ENNOVI signifies a pivotal moment in Interplex‘s journey. It marks a strategic reorganization and transformation of the company’s core business, aiming to enhance its customer service. As a standalone entity, ENNOVI’s primary focus will be on automotive electrification solutions, with Stefan Rustler at the helm as CEO.
ENNOVI’s mission is clear: to accelerate the electric future by serving the world’s top EV brands and manufacturers from any corner of the globe. Their expertise lies in designing and engineering battery, power platform, and signal interconnect solutions tailored for the next generation of electric vehicles.
Meanwhile, Interplex will maintain its commitment to the datacom and industrial market, specializing in high-precision mechanical solutions and busbar technologies.
Industry Leaders Speak Out
Stefan Rustler, the newly appointed CEO of ENNOVI, expressed his enthusiasm, stating: “I am thrilled to introduce ENNOVI to the world. We are passionate about helping our customers electrify faster. This new chapter gives our mobility business a renewed focus on the automotive industry, allocating the best industry talents to ensure we deliver to the increasing demands of EV manufacturers. In launching ENNOVI, we are at the forefront of the latest technological advancements shaping the industry.”
Sharing the excitement, Ed Huang, COO of Private Equity Asia, Blackstone, remarked: “We are excited about the creation of ENNOVI, which will focus on mobility electrification, a rapidly growing sector globally and a key contributor to the broader shift towards sustainable energy. ENNOVI is well-positioned to deliver 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 expertise in customized connector solutions.”
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Dr. Ulrich Spiesshofer, Chairman of both Interplex and ENNOVI, added: “We have formed for ENNOVI a global management team of strong and proven leaders that have decades of relevant industry and technical experience. Under Stefan’s leadership and with his global track record of shaping businesses for accelerated growth, ENNOVI will drive customer service excellence as a focused, global mobility solutions business and shape our operations to prosper in one of the fastest growing industrial markets.”
A Bright Future Ahead
With ENNOVI’s strategic carveout from Interplex, the new venture is poised to better cater to its global clientele. The company is also set to invest heavily in its manufacturing and R&D sites, which span across major global regions.
For those eager to delve deeper into ENNOVI’s offerings and vision, more information is available on their official website: www.ennovi.com.
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