Varroc Engineering Limited has agreed to acquire a 45% stake in Forsee Power India Private Limited as part of a strategic joint venture with France-based Forsee Power SA, including an exclusive technology licence for battery systems in India and the SAARC region.
Forsee Power is restructuring and developing its second European site in Wroclaw, Poland, dedicated to manufacturing Smart Life battery systems. The plant produces over 590,000 battery packs per year and has added a new site manager and several expert roles.
Forsee Power, a French smart battery systems specialist, announced plans to create a manufacturing facility in Grand Poitiers, France, to produce transport batteries. The plant will expand production capacity tenfold, starting production by end of 2018, and create over 300 jobs by 2021.
| Site | Largest | Latest |
|---|---|---|
| Wroclaw, Poland | 2019-04-29 | |
| Grand Poitiers, France | $68.0M | 2018-03-29 |