Announced
Financials
Sources
Tags
Private
Cross Border
Friendly
Acquisition
lithium
Pending
Majority
Netherlands
Specialty Chemicals
Single Bidder
Synopsis
Reliance Industries, an Indian multinational conglomerate company, agreed to acquire assets of cobalt-free lithium battery technology and manufacturing of Lithium Werks, a manufacturer of lithium iron phosphate batteries, for $61m. “Lithium Werks is one of the leading LFP cell manufacturing companies globally and has a vast patent portfolio and a management team which brings tremendous experience of innovation across LFP value chain," Mukesh Ambani, Reliance Industries Chairman and Managing Director.
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