Saturday, December 15, 2018 12:12:12 AM
https://dockets.justia.com/docket/delaware/dedce/1:2013cv00500/51487/
Monbat
Monbat acquired 100% of GAIA Akkumulatorenwerke GmbH and EAS Germany GmbH (a JV between GAIA and Enersys/Hawker). It plans to merge them into EAS Batteries GmbH based in Nordhausen, Germany, and invest EUR 5m over the next two years in new equipment and workforce expansion.
The acquisition of GAIA and EAS follows Monbat’s plan to expand operations outside its traditional lead acid battery operations. The Company plans to capitalized on GAIA and EAS niche expertize in the large scale lithium batteries for the aerospace, defense, marine and public transportation industries.
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