Battery cell pioneer Britishvolt has signed a sale-and-purchase agreement with the Monbat Group, one of Europe's leading battery solutions companies, to purchase its subsidiary EAS, the advanced technology battery cell innovator and manufacturer based in Nordhausen, Germany. The agreement values EAS at €36 million (£30.8 million) and is subject to completion and any regulatory approvals.
EAS, which is currently fully owned by the Monbat Group, has more than 25 years' experience in developing and producing large-format cylindrical lithium-ion battery cells from 7.5 Ah to 50 Ah. The company uses compact and unique production technology to guarantee the highest quality of standards for its high-power and energy cells at the lowest environmental impact.
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.
