Monbat Group has Acquired Two Lithium Ion Battery Businesses in Germany
Corporate
Monbat Group has acquired two Lithium Ion battery businesses in Germany and aims to become one of the technology leaders in Europe in this high growth market segment
- Monbat has acquired 100% of all tangible and intangible assets of both Gaia Akkumulatorenwerke GmbH and EAS Germany GmbH and has merged both entities into the EAS Batteries GmbH
- The economic group diversifies its business and enters the market segment of high-power lithium-ion energy solutions, based on LFP cell chemistry
- Monbat will invest over EUR 5 million in the next two years into new and modern machinery as well as to expand the workforce
More information in the attached Press Release.
contact for media:
Vanya Babanin, PhD
Director Marketing & Communications
tel. +359 888 244 178
e-mail: media@monbat.com
contact for investors
Daniela Peeva
Investor Relations Director
tel. +359 2 988 2413
e-mail: investorrelations@monbat.com