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Yanmar acquires majority stake in battery technology company ELEO · Endata

◂ Announcements

Apr 4, 2022ACQUISITIONHelmond, Netherlands, Netherlands

Yanmar acquires majority stake in battery technology company ELEO

Yanmar Holdings has acquired a majority share in ELEO Technologies, a battery technology company based in Helmond, Netherlands. ELEO will operate as a stand-alone entity under Yanmar Power Technology. Financial terms were not disclosed.

Status

Completed

Productsmodular battery systemselectrified powertrain solutions

CompaniesYanmar Holdings acquirer ELEO Technologies target

Sectors#Automation and Robotics #Electrical Equipment

“Yanmar’s leading position, premium brand reputation, global network and decades-long experience in off-road applications and ELEO’s advanced modular battery systems are a perfect match.”yanmar.com

2 sources
yanmar.comNews ReleaseApr 4, 2022
mynewsdesk.comYanmar Acquires Majority Ownership in Battery Technology Company ELEO | Yanmar Holdings Co., Ltd.Paul BartelsApr 4, 2022

Summarized from public sources; check the original articles before acting on it.

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