VFBATTERY REPORT
Industry

Industry Value Chain

Page 32 · 12 of 19
Battery Report 2024, page 32: Industry Value Chain

Directory profiles · Battery Business Directory

Organizations mentioned or cited on this 2024 report page. A historical mention does not establish current products, availability or endorsement.

Sources and links on page 32 (10)

Links embedded in the original report PDF, including citations and other references. These destinations have not been independently reviewed. Links open in a new tab.

  1. https://www.komatsu.com/en/newsroom/2023/komatsu-completes-acquisition-of-american-battery-solutions/
  2. https://www.riotinto.com/en/news/releases/2024/rio-tinto-to-acquire-arcadium-lithium
  3. https://www.ttnews.com/articles/volvo-ownership-northvolt
  4. https://electrochemsolutions.com/about/news-and-events/press-release-details/2024/Ultralife-Corporation-Completes-Acquisition-of-Electrochem-Solutions/default.aspx#:~:text=Ultralife%20Corporation%20Completes%20Acquisition%20of%20Electrochem%20Solutions,-11%2F01%2F2024&text=Ultralife%20Corporation%20completed%20its%20acquisition,Corporation%20on%20October%2031%2C%202024.
  5. https://www.businesswire.com/news/home/20240930266814/en/Pure-Lithium-Expands-Strategic-Vanadium-Cathode-Technology-Portfolio-with-Asset-Acquisition-from-Private-US-Based-Dimien-Inc.
  6. https://investor.enersys.com/news-releases/news-release-details/enersys-completes-acquisition-bren-tronics-expand-presence
  7. https://ir.arcadiumlithium.com/investors/news/news-details/2024/Arcadium-Lithium-Acquires-Li-Metals-Lithium-Metal-Business-to-Enhance-Production-Capabilities-and-Meet-Demand-for-Next-Generation-Battery-Materials/default.aspx
  8. https://www.volvogroup.com/en/news-and-media/news/2024/feb/volvo-completes-acquisition-of-battery-business-from-proterra-inc--and-proterra-operating-company.html
  9. https://www.enerpoly.com/article/enerpoly-acquires-cell-production-and-pack-assembly-lines#:~:text=STOCKHOLM%2C%20SWEDEN%3A%20JULY%202024%20%2D,and%20promoting%20European%2Dled%20innovation.
  10. https://www.pv-magazine.com/2024/01/31/dutch-solid-state-battery-maker-acquires-scottish-factory/
Text on page 32

Acquisitions And Consolidation 2024 saw significant industry consolidation and acquisition, driven by companies exiting markets, seeking buyers during financial struggles, entering new sectors, expanding supply chains for critical materials, or boosting production capacities.

Volvo Cars to fully acquire Novo Energy by invoking redemption rights from Northvolt

Ultralife acquires Electrochem Solutions to strengthen medical/industrial solutions.

Volvo acquires Proterra's battery unit for battery pack manufacturing/ assembly capacity.

Enerpoly acquires Nilar to boost zinc-ion battery production capabilities with Nilar's line.

EnerSys acquires Brentronics for military and industrial batteries.

Rio Tinto acquires Arcadium Lithium for $6.7 billion to bring in lithium business

Arcadium Lithium acquires Li-Metal’s IP and physical assets for $11 million

Komatsu acquires American Battery Solutions.

Pure Lithium acquires Dimien assets focusing on vanadium cathode materials.

LionVolt acquired AMTE Power’s battery cell production line in Scotland

Extracted from the PDF; charts and images may read imperfectly.

More in Industry (21)
Authors for Value Chain (3)

Page 32 · 12/19