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Canadian company buys out South Korea’s iQ Power

Thu, 12/07/2017 - 10:19 -- News Editor
Canadian company buys out South Korea’s iQ Power

South Korea’s battery manufacturer iQ Power Asia Inc. has been acquired by Vancouver-based lead-acid battery maker Discover Energy and will operates as a subsidiary under a new name.

The new business is called Discover MIXTECH Manufacturing Co Ltd and will be led by Steve Nam, the South Korean manufacturing site helps secure Discover’s global supply of automotive and commercial batteries.

 

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Canada lead-acid firm expands in South Korea

Fri, 09/01/2017 - 09:37 -- News Editor
Canada lead-acid firm expands in South Korea

Vancouver-based lead-acid battery firm Discover is launching an SLI lead-acid manufacturing plant in South Korea, backed by Canadian export financing.

Discover, which was awarded $15 million from Export Development Canada (EDC), told BBB the financing supported the firm’s acquisition of an existing battery plant site in South Korea.

 

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