# 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.

- Type: Acquisition
- Announced: 2022-04-04
- Where: Helmond, Netherlands, Netherlands
- Status: completed
- Products: modular battery systems, electrified powertrain solutions
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Yanmar Holdings](https://endata.com/companies/4521.md) (acquirer)
- [ELEO Technologies](https://endata.com/companies/62063.md) (target)

## Sources

- [yanmar.com](https://www.yanmar.com/eu/news/2022/04/04/106671.html), 2022-04-04: "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."
- [mynewsdesk.com](https://www.mynewsdesk.com/yanmar/pressreleases/yanmar-acquires-majority-ownership-in-battery-technology-company-eleo-3173078), 2022-04-04: "We are thrilled to partner with Yanmar"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.