Battery company Leoch International Technology has added some detail around its acquisition of 70% of Yuasa Battery (Guangdong) Co., announced in December.
Leoch founder and president Li Dong told BEST the plan is to expand in the data centre and grid utility markets in mainland China.
“I think they have a very strong brand name, very strong technology and quality control. So now we believe we can expand the business,” he said.
Yuasa Battery (Guangdong) was established in 1996 as a wholly owned subsidiary authorised by GS Yuasa Corp. to operate in mainland China. It manages sales of NP, NPL, UXL, and other valve-regulated lead-acid batteries.
Dong said Guangdong Yuasa has a strong reputation in the data centre, power and UPS system sectors, which “aligns perfectly” with Leoch International’s strategic vision.
Financial details were not disclosed but Guangdong Yuasa states registered capital of $19,704,743.
Singapore-based Leoch is in the process of demerging its SpinCo subsidiary into a separate company to be listed in the US. It is incorporated in the Cayman Islands and its products include reserve power, SLI and motive power batteries. They are sold in Europe, Middle East and Africa, the Americas and the Asia-Pacific Region (excluding the Chinese mainland, Hong Kong and Macau).
