If you need to know about batteries; you’ve come to the right place Chinese flag 点击这里访问我们的中文网站 Chinese flag

Power Solutions

Brookfield upbeat on Power Solutions business

Mon, 02/25/2019 - 00:00 -- Hugh Finzel
Cyrus Madon

The new owners of Power Solutions— the batteries business sold last year by Johnson Controls— have told analysts they have “identified opportunities to further enhance the value of the company”.

Brookfield Business Partners, which together with fellow investment firm CDPQ announced a definitive agreement to buy Power Solutions last October, said the company “will continue to be a leading manufacturer of advanced batteries, supplying its global customer base”.

Brookfield CEO Cyrus Madon (pictured) said in a fourth-quarter 2018 update: “Power Solutions’ EBITA (earnings before interest, tax, and amortisation) has increased in all but one of the last 15 years. And that was during the credit crisis and it bounced back immediately in the following year.”

The full story is only available in our FREE weekly industry newsletter, so sign-up to get it delivered to your inbox every Monday.

Johnson Controls, Amara Raja sign India battery tech deal

Mon, 10/08/2018 - 00:00 -- John Shepherd
Jayadev Galla

India’s Amara Raja Batteries and Johnson Controls (JCI) have signed a technology collaboration deal to introduce “a new wave” of advanced battery technologies” to India.

The companies said they will expand their 20-year partnership “to share and improve product design and manufacturing technologies enabling higher performance across starting, lighting and ignition, enhanced flooded batteries and absorbent glass mat batteries. 

The full story is only available in our FREE weekly industry newsletter, so sign-up to get it delivered to your inbox every Monday.

JCI to sell battery business to Chinese suitor?

Mon, 03/19/2018 - 11:13 -- John Shepherd
JCI to sell battery business to Chinese suitor?

Johnson Controls International (JCI), the biggest western player in the global battery market has fuelled speculation that it could be preparing to sell its Power Solutions division— essentially all of its lead-acid and lithium business.

And sources have told BBB the most likely buyer will be a Chinese player— perhaps Camel or Chilwee (also known as Chaowei) who both have the financial muscle to pull off such a deal.

 

The full story is only available in our FREE weekly industry newsletter, so sign-up to get it delivered to your inbox every Monday.
Subscribe to Power Solutions