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merger

Firms announce merger with goal of becoming No.1 global flow battery company

Fri, 07/26/2019 - 13:01 -- Paul Crompton
Firms announce merger with goal of becoming No.1 global flow battery company

It is ‘business as usual’ for redT following the announcement on 25 July it had agreed to a proposed merger with fellow vanadium redox flow battery company Avalon Battery Corporation.

The UK and US (respectively) companies have signed a non-binding memorandum of understanding for the merger. If approved by shareholders the deal will constitute a reverse takeover* under London Stock Exchange rules.

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Early start for JCI’s new CEO

Fri, 09/01/2017 - 09:50 -- News Editor
Early start for JCI’s new CEO

George Oliver (pictured) is to take over as chairman and CEO of battery giant Johnson Controls International in September— six months ahead of schedule.

Oliver, currently JCI’s president and chief operating officer, will succeed Alex Molinaroli, who joined the company in 1983 and prior to his current position served as president of JCI’s Power Solutions business.

 

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