ABC Technologies Holdings Inc. (TSX:ABCT) entered into an agreement to acquire Washer Systems product line of Continental Automotive GmbH for €20.5 million on June 28, 2022. The transaction is expected to complete on second quarter of 2023. As of November 11, 2022, the closing of this transaction is subject to the completion of certain customary closing conditions, which could be met during the third quarter of fiscal year 2023.

ABC Technologies Holdings Inc. (TSX:ABCT) cancelled the acquisition of Washer Systems product line of Continental Automotive GmbH on January 12, 2023. The proposed transaction was effective upon the payment of €10.3 million ($10.2 million) by the Company to Continental, which occurred on January 18, 2023.