Auto component manufacturer ADVIK acquires assets of Li-ion battery firm Aceleron Energy

Managed through its UK subsidiary Advik Technologies Limited, the acquisition integrates Li-Ion battery technology into ADVIK’s portfolio.

Autocar Pro News Desk By Autocar Pro News Desk calendar 08 Apr 2024 Views icon5418 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Auto component manufacturer ADVIK acquires assets of Li-ion battery firm Aceleron Energy

ADVIK, a Pune-based automotive component manufacturer, has acquired business assets of Aceleron Energy Ltd., a UK-based advanced Li-ion battery company, marking its entry into the electric vehicle and EV storage systems space.

The acquisition expands ADVIK’s product range and customer base, aiming to enhance the development of next-gen energy storage solutions, the press release noted.  Managed through its UK subsidiary Advik Technologies Limited, the acquisition integrates Li-Ion battery technology into ADVIK’s portfolio.

Aditya Bhartia, Managing Director of ADVIK said that the acquisition not only brings patented technology but also adds testing and prototyping facilities in the UK, complementing the company’s existing network across 10 plants.

With annual sales of more than 100 million USD, the group offers an extensive portfolio of products like Pumps: Oil Pump, Water Pumps and Vacuum Pumps, 2W Hydraulic Brake Systems, Valves & Actuators: HVAC actuators, Throttle body assembly, Purge Valves, Reed Valves, Secondary Air Injection Valves, Thermal Management System Valves, EGR, Cam Chain Tensioners, Alternate Fuel System: CNG regulator & CNG systems. The company serves automotive customers globally.

 

RELATED ARTICLES
Going back to first principles in EVs is opening up new opportunities, says Tata Technologies’ John Johnston

auther Autocar Pro News Desk calendar24 May 2024

The philosophy of rethinking EVs does give really big opportunities for vehicle lightweighting.

Steel is a wonder material from a vehicle lightweighting perspective: JSW Steel’s Kinshuk Roy

auther Autocar Pro News Desk calendar24 May 2024

With advancements in high-strength and advanced high-strength steel, manufacturers can achieve significant weight saving...

'Lightweighting an important parameter from environment perspective:' IV Rao

auther Autocar Pro News Desk calendar24 May 2024

IV Rao, the former engineering head of Maruti Suzuki said that weight reduction of vehicles was an important parameter f...