Analysis
Saft takes control of Nersac lithium-ion battery factory
Saft announces that it has bought from Johnson Controls Inc the Nersac Li-ion battery facility near Angoulême in France. This transaction took place on 1st January 2013, in line with the agreement concluded with Johnson Controls on 30th September 2011 relating to the sale of Saft’s shares in the Johnson Controls-Saft joint venture, for a total consideration of $145m.
ThisThe facility which has a current capacity of 60 MWh, can be doubled with limited investment and is equipped to produce the same cells as Saft’s Jacksonville plant.
Taking control of the Nersac Li-ion factory and thereby increasing our production capacity in Europe is an important part of Saft’s strategy to accelerate our growth and to further deploy our Li-ion technologies into high growth markets such as energy storage and vehicles, but also into our traditional markets said John Searle, Chairman of Management Board, Saft Groupe.