- Investment in pioneering experience in lithium-ion technology
- Exploiting synergies of a lithium-ion technology specialist with the strong market presence of Exide Technologies
- Combining expertise for existing and new energy storage applications
Gennevilliers, France – March 11, 2024 – Exide Technologies, an international leader in battery and energy storage solutions, proudly announces the acquisition of BE-Power GmbH, a renowned expert in high-power and high-voltage battery solutions, headquartered in Fernwald, Germany. BE-Power is now a company of Exide Technologies as part of the Energy Solutions division.
This strategic partnership signifies a substantial milestone as both companies unite their strengths to propel innovation and deepen investments in advanced lithium-ion business segments. Exide Technologies' unwavering commitment to innovation is represented by its forward-thinking Energy Solutions (ES) division, a pioneer in developing sustainable and efficient energy storage solutions tailored to meet the dynamic demands of diverse industries.
BE-Power GmbH, founded in 2004, stands for Battery and Power Modules developed and assembled in Germany and has earned a distinguished reputation for its groundbreaking work in lithium-ion technology. Dr. Volker Klein, founder of BE-Power, has over 30 years of pioneering experience in Li-ion technology. Under his leadership, BE-Power has developed a proprietary Battery Management System (BMS) alongside cutting-edge system and software engineering. "Being aware of the evolving landscape, I consider Exide Technologies as an ideal partner for expanding globally and managing forthcoming opportunities”, says Dr. Volker Klein.
"We are excited to welcome BE-Power GmbH to the Exide Technologies family," said Stefan Stübing, CEO and President of Exide Technologies. "This strategic acquisition reinforces our commitment to pushing the boundaries of energy storage technologies. The combination of Exide's legacy of excellence and BE-Power's innovative solutions will undoubtedly propel us to new heights in providing sustainable and cutting-edge energy storage solutions for our customers."
