Market News

Valve Regulated Lead Acid (VRLA) Batteries Market Key Developments:

Key companies are involved in activities such as mergers & acquisition and product developments to meet the competitive requirements of market.

For instance, in December 2016, GS Yuasa Corporation, one of leading players in power supply systems and batteries, entered into agreement in order to acquire lead acid battery business of Panasonic for an estimated value of US$ 250 million. This transaction will allow Panasonic’s automotive and industrial system company to focus R&D resources to lithium battery business and other next generation technologies for energy storage.

In July 2017, Tantech Holdings Ltd., a leading player in alternative energy with the use of bamboo-based charcoal products announced the acquisition of Suzhou E Motors Co., Ltd., China-based specialty electric vehicles and power batteries manufacturer. The acquisition is done with the aim of increasing sales and revenue of the company.

In June 2019, SAFT, a company of Total, has acquired 100% of the shares of Go Electrical Inc., a leading U.S.-based developer of distributed energy resiliency solutions for microgrids and industrial and commercial customers.