Voltabox acquired Navitas Systems for $43m.

German battery manufacturer Voltabox acquired Navitas Systems, a specialist for battery systems in the intralogistic area, for $43m. The acquisition presents the first forage into battery cell technology for the Germans, even if only in the sector of specialty manufacturing. The company maintains their resource supply from a number of manufacturers from China, the USA, Korea and Japan, but has acquired some manufacturing competency with the acquisition, particularly in specialist areas.