Autlán completed the acquisition of Cegasa Portable Energy from Sherpa Capital for $29m.

Autlán, a Mexican trade buyer, completed the acquisition of Cegasa Portable Energy, an electrochemical energy storage firm, from Sherpa Capital, a private equity fund, for $29m. In line with Autlán’s strategic plan, this acquisition catalyzes growth for its Manganese Division strengthening its position in the battery industry and further diversifying revenue streams with nonsteel related manganese products. In addition, Autlan grows its footprint with new markets in the European Union.