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Monbat moves into lithium-ion with German acquisitions
Bulgarian lead-acid battery manufacturer Monbat has moved into the lithium-ion business with the acquisition of German peers Gaia Akkumulatorenwerke and EAS Germany.
The financial terms of the acquisition were not disclosed, but Monbat said it had acquired 100% of all tangible and intangible assets of both companies and is merging them into the EAS Batteries business in Nordhausen, northeast Germany.
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