Considering that they (Axion) are a manufacturer of PbC sealed lead acid batteries, unless Plug has a need for something like this on the stationary power end I don't see any synergy at all.
The market cap of Axion is under $1M and the CEO just died of undisclosed causes Jan. 25th.
For Plug this sounds more like a fools errand than anything else when there are plenty of sealed lead acid battery makers out there to choose from.
Why buy the (now compromised) cow when milk is cheap down at the corner store?
Perhaps for $1M their customer list might be of some value for business development on the ReliOn side.
News 
Market Data 
Discover 
AI
