UK-based battery cell technology pioneer
Britishvolt agreed a deal with the
Monbat Group, one of Europe’s leading battery solutions companies, to purchase its subsidiary
EAS, an advanced technology battery cell innovator and manufacturer based in Nordhausen, Germany. The agreement values EAS at 36 million euros, and is subject to completion and any regulatory approvals.
“Our 46xx cell format, developed as part of our wider R&D programme, gives Britishvolt a significant competitive advantage in the battery race. The acquisition of EAS will allow us to scale up the final part of the 46xx cell development and commercialisation programme and put this leading cell product in the hands of our automotive customers. Exactly the cell solution they have been seeking in terms of next-generation, high-performance and long range battery technology.
Orral Nadjari, Britishvolt founder and CEO, said: “This acquisition — the second in our short history, and first overseas — underscores the drive and determination of Britishvolt to offer best-in-class battery solutions to our customers. Following on from our recent announcement of a development roadmap to marine battery solutions, EAS will also facilitate getting battery systems to this particular market segment quicker and help the pathway to decarbonisation.
Tailor-made battery cell solutions“EAS has a proven track record in providing innovative, tailor-made battery cell solutions for its customers, and it makes strategic sense so that we join forces and grow together. We intend to make additional investments in EAS to help to ensure that it can reach its full potential within the Britishvolt family.”
EAS, which is currently fully owned by the Monbat Group, has been developing and producing large format cylindrical lithium-ion battery cells from 7.5Ah to 50Ah for over 25 years. The company uses compact and unique production technology to guarantee the highest quality standards for its high power and energy cells while having a low impact on the environment.
EAS battery solutions have been adopted for aerospace and defence, submarine and marine, and automotive applications in Europe, Asia and North America, and prominent business partners such as NASA are already powered by the company’s cells.
Michael Deutmeyer, EAS managing director, added: “Britishvolt and EAS are united by common goals. We share a vision, and due to the high synergies, both companies are accelerating their mutual growth. For EAS and its customers, the focus is on greater capacities in the development and production of innovative cells and battery systems.
“We are expanding our know-how, deepening our ecological and resource-saving approach in production and enlarging our team. At the same time, we are supporting Britishvolt as a leader in battery cell technology in its focus on international growth.”