It's the kind of acquisition many a startup hopes will come true: lithium-ion battery developer Sakti3 was bought by UK vacuum-maker Dyson to the tune of $90 million.
No plans have yet been announced for where the battery production facility will be based but Michigan is a possibility.
"The $90 million acquisition — first reported by business-news site Quartz — reflects a win for clean-tech investors in Sakti3, including General Motors and Khosla Ventures. Dyson itself had already invested $15 million in Sakti3.
The University of Michigan spinoff company's founder and CEO Ann Marie Sastry will lead development of her technology as an executive for Dyson."
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