# GPSC's Nuovo Plus signs business transfer agreement with 24M Technologies

Nuovo Plus Company Limited, a joint venture between Arun Plus and GPSC, has signed a business transfer agreement with 24M Technologies to restructure the battery business, with Nuovo Plus acquiring shares in 24M.

- Type: Acquisition
- Announced: 2024-01-01
- Where: Rayong, Thailand
- Status: completed
- Products: battery technology, LFP battery recycling technology, energy storage systems
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Nuovo Plus Company Limited](https://endata.com/companies/78451.md)
- [Global Power Synergy Public Company Limited](https://endata.com/companies/34223.md) (investor)
- [24M Technologies](https://endata.com/companies/56540.md) (target)
- [Arun Plus Company Limited](https://endata.com/companies/78452.md) (partner)

## Sources

- [kaohooninternational.com](https://www.kaohooninternational.com/markets/541808), 2024-07-05: "The acquisition of the Nuovo Plus facility in Rayong by 24M Technologies (Thailand) Co., Ltd. is expected to be completed within the second quarter of 2024."

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