Jupiter Wagons to acquire the railway and electric truck battery divisions of Log9 Materials.

Jupiter Wagons, an Indian private manufacturer of railway equipment, agreed to acquire the railway and electric truck battery divisions of Log9 Materials, an Indian nanotechnology company. Financial terms were not disclosed. The acquisition includes the engineering and production teams dedicated to railway and electric truck battery technologies, who will now become part of JEM’s dynamic workforce. Additionally, JEM will acquire Log9’s state-of-the-art manufacturing facility located in Devanahalli, Bangalore further reinforcing its position as a leading player in India’s electric mobility ecosystem.