Taiwan Cement completed the acquisition of a 60% stake in ENGIE EPS for $159m.

Taiwan Cement, a manufacturer and distributor of building materials, completed the acquisition of a 60.48% stake in ENGIE EPS, an energy storage system and electric vehicle charging infrastructure provider, for $159m. "To enter the global market, we have to work with global talents. Our energy business cannot focus on Taiwan only, we have to become globally competitive. Europe has been the world's pioneer in developing green energy and energy storage and TCC Group's new partner, NHΩA, has advanced and innovative R&D and in-house technologies. NHOA is an Italy-based France-listed energy storage company with world-leading battery energy storage system technologies and advanced EV fast charging infrastructure and smart grid technologies," Nelson Chang, TCC Chairman.