Description Model: M32647 50 Units in Stock
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of German battery manufacturer in R111m deal The JSE listed Metair group has acquired a 25.
1% shareholding in Germany based battery manufacturer and supplier, Akkumulatorenfabrik Moll (Moll), at a cash price of (R111.4 million).Additionally, it creates scope for product expansion across the mobility range and across technologies such as electric bikes, three wheelers, trucks and electric vehicles, noted the company.Founded in 1945, Moll is a battery supplier to the car and truck industry.It manufactures a range of batteries at its site in Bad Staffelstein, in Germany, and supplies European car manufacturers such as Audi, Daimler, Porsche, Skoda, Seat, Lamborghini, Liebherr and Volkswagen.Moll has a distribution network across Europe and Asia through three wholesalers. The company employs around 280 people.Moll has the capacity to produce 1.4 million batteries a year.Chaowei Power Holdings acquired a stake in Moll in 2013 and, since then, the companies have partnered on the development of enhanced flooded start stop batteries (EFB) for supply in China.Chaowei is a Chinese company listed on the Hong Kong Stock louis vuitton keychain amazon Exchange and louis vuitton purses vintage is the largest producer of lead acid electric bike batteries louis vuitton agenda blog in China, with an annual production capacity of more than 140 million batteries.It also produces around 300 000 lithium ion pouch type cells for use in electric bikes.acquisition is an important next step in the delivery of our strategic objectives for the energy storage vertical and builds an incubator for a partnership with Moll and Chaowei, said Metair MD Theo Loock on Tuesday.also provides Metair with a small, but very critical access point into the Chinese market, laying the platform for future technology transfer and cooperation. gains access to the Chinese market through Moll 5% shareholding in Chaowei greenfield automotive production facilities, louis vuitton gamble bracelet price in China, which are in the process of being finalised.This 60 000 m2 manufacturing facility is expected to produce four million automotive aftermarket batteries by the end of 2018.A technical aid agreement on the advancement of Moll EFB and EFBPlus technology forms part of the transaction, which will facilitate technology transfer to Metair.Metair manufactures, assembles, distributes and retails energy storage products and automotive components in Africa, Europe, Turkey, the Middle East and Russia.The energy storage segment/vertical manufactures batteries for automotive, telecoms, utility, mining, retail and materials/products handling sectors.Following the Metair acquisition, the equity shareholding of Moll comprises the Moll Mohrstedt family at 39.66%; Leadnew Limited, a subsidiary of Chaowei, at 34.
46%; Metair at 25.1% and Moll Beteiligungs at 0.78%.
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