Exide Technologies strengthens its Network Power business with acquisition of ATEPS Nederland BV
- Investment in lithium-ion based energy storage solutions
- Exploiting synergies of an innovative start-up combined with the strong positioning of a market leader for batteries and energy storage solutions
- Further development of energy storage solutions enabling the integration of renewable energies and its trading
Gennevilliers, France (October 04, 2021) – Exide Technologies (www.exidegroup.com) announces today the acquisition of ATEPS Nederland BV.
ATEPS develops, builds and delivers energy storage systems (ESS) to transition from fossil energy over to renewables. Its solutions contribute to the global goal to make sustainable energy usable across the board by 2050 and enable further greenhouse gas reductions.
Combining innovation and global energy storage expertise
ATEPS is an innovative and dynamic provider of lithium-ion based energy storage and its management in future key applications such as time shift, frequency control, peak shaving, energy trading and more.
Together, Exide Technologies and ATEPS are thus making the use of sustainable energy through smart energy storage accessible to more regions and projects.
“ATEPS is ideal for us because we can integrate lithium-ion based energy storage products and solutions at the right time and thus serve the market faster together. We benefit from innovative start-up technology. ATEPS benefits from our company size, our strong sales & service footprint, as well as our impact in the market" says Stefan Stübing, CEO & President of Exide Technologies
Jos Theuns CTO of ATEPS adds: "Our focus for a successful and sustainable future is on storage systems and solutions for greenhouse gas reduction and an optimization of TCO in energy-intensive industries. Being part of a global leader such as Exide will bring our products & services to a new level."
About Exide Technologies:
Exide Technologies, headquartered near Paris, France, is a leading provider of advanced energy storage solutions for the automotive and industrial markets. It designs, manufactures and markets today's and next-generation battery technologies used across a wide range of applications, from automotive and off-road to material handling, stationary, rail and defense. Exide Technologies serves the global markets with top-notch battery technologies, know-how & added-value services under many well-known brands. As an original equipment manufacturer to leading automotive and industrial equipment manufacturers, Exide Technologies has been involved in many of the significant breakthrough energy-storage developments that are enabling innovation across the markets. With two R&D facilities, nine production plants and three recycling plants in Europe, Exide is committed to high-quality engineering, manufacturing and recycling, and continues to power the world with the most efficient energy solutions and helping customers maximize productivity and performance. In the fiscal year 2021, Exide achieved a turnover of 1.3 billion EUR.
ATEPS develops, builds and supplies systems based on batteries that store energy. We call this an Energy Storage System (ESS).
Energy transition is an international policy goal to use sustainable energy operating by 2050. This amounts to around 40,000 wind turbines and 1500 km² of solar panels. On top of that we also have the coalition agreement in which nearly half of CO2 emissions will be reduced in 2030.
This is of great importance for the business community, so now is the time to make the transition to sustainable energy.
The modular structure of ATEPS systems are suitable for both small and larger customers.