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GKN buys Williams Hybrid Power

Fri, 04/11/2014 - 10:59 -- Tildy Bayar
GKN buys Williams Hybrid Power

In a deal worth £8 million ($13 million), GKN is to acquire Williams Grand Prix Engineering’s flywheel energy storage business, Williams Hybrid Power (WHP).


Under the terms of the deal, WHP will become GKN Hybrid Power, and Williams Grand Prix Engineering will receive additional fees based on future sales and licences of the flywheel energy storage technology.

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