Johnson Matthey has sold its automotive battery systems business to US-based engines and gensets manufacturer Cummins— as part of plans to jointly develop “high-energy battery materials”.
JM’s UK-based business is one of Europe's largest lithium-ion battery system suppliers with 50 employees.
Chemicals company Johnson Matthey is to license five patents as it looks to accelerate the adoption of nickel-manganese-cobalt (NMC) cathode materials in lithium-ion batteries.
The deal with US firm 3M will allow the UK firm to focus on providing a bigger portfolio of cathode materials for the automotive and high performance markets.
UK based electro-chemical battery manufacturer Johnson Matthey (JM) Plc has bought Clariant’s lithium-ion battery materials energy storage business for US$75 million.
The acquisition of the Swiss chemical company’s Business Line Energy Storage was announced in October 2014, but only closed on February 28th 2015.
UK-based specialty chemicals company Johnson Matthey has taken over the battery material business of Swiss chemicals company Clariant for $75m.
Clariant supplies lithium iron phosphate (LFP) cathode material to the lithium-ion battery sector for automotive and non-automotive applications.