W.E.T. Automotive Systems AG

E•BOOM CAPITAL: Amerigon’s Battle Over Thermal Seat Patents Ends in Takeover

By Terry McDonald on March 1, 2011

Tags: Amerigon Inc., W.E.T., W.E.T. Automotive Systems AG, Germany, Japan, Korea, United Kingdom, EUR, USD, Amerigon, W.E.T. Automotive Systems, energy, Finance, Michigan, Southern California

Shares of Amerigon Incorporated (Nasdaq: ARGN) soared more than 13% Monday -- and another 10% by mid-session today -- after announcing an agreement to acquire its larger competitor W.E.T. Automotive Systems AG (XETRA: WET.DE) for euro 121.6 million ($166.6 million). If the deal is approved by shareholders and regulations, it will end litigation between the two companies over patents for energy efficient thermal seats for automobiles.

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