KUALA LUMPUR, Sept 6 (Bernama) -- Lithium Werks B.V. has acquired the energy storage system integrator, LiiON®, LLC. The closing of the acquisition is expected to be finalised in the fourth quarter, pending customary closing conditions.
Lithium Werks B.V. is a fast-growing lithium-ion battery and portable power solutions group, according to a statement.
“As a result of this acquisition, Lithium Werks will be able to offer both new and existing customers a trusted, one-stop platform for fully integrated solutions,” said Lithium Werks chief executive officer (CEO), T. Joseph Fisher III.
The LiiON® brand will be retained and its management will join the broader Lithium Werks management team, which extends the Lithium Werks workforce to more than 400 people worldwide.
“We are delighted to become part of the Lithium Werks Team, which will help us expand our customer base internationally,” said LiiON® founder and CEO, Gary Gray.
The acquisition not only strengthens Lithium Werks’ presence in the United States, but will also help the LiiON® part of the business extend its reach in Europe and Asia.
More information at https://lithiumwerks.com.
-- BERNAMA
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