By Battery Power Staff
September 10, 2019 | Lithium Werks has acquired LiiON, an energy storage system integrator. The acquisition strengthens Lithium Werks’ presence in the US, and will extends its reach in Europe and Asia. The LiiON brand will be retained and its management will join the broader Lithium Werks’ management team. The combined workforce will number more than 400 people across the world.
The acquisition is expected to be finalized in the fourth quarter, pending customary closing conditions. Financial details were not disclosed.
“Liion is a truly complementary fit with talented people, innovative solutions and leading customers in the fast-growing verticals of UPS (uninterrupted power supply) data centers, telecom, cable and other energy storage markets,” said T. Joseph Fisher III, CEO, Lithium Werks, in a press release announcing the acquisition.
“We are delighted to become part of the Lithium Werks Team, which will help us expand our customer base internationally,” said Gary Gray, founder and CEO of LiiON, in the same statement.
The acquisition will allow Lithium Werks to offer a platform for fully integrated solutions, starting with the battery cells and modules and extending all the way up the value chain to sophisticated energy management systems and software solutions. The LiiON proprietary architecture and embedded Battery Management System (BMS) allows for safe integration with many unique protocols and applications, including the LiiON eBlockchain which is compatible with most lithium chemistries. LiiON has UL CERTIFIED backup power installations in edge, modular, enterprise, cloud, collocation and hyperscale applications across datacenter, banking, healthcare, government, retail, industrial and utility customer segments.
“Energy storage is an integral part of the global transition to renewable energy. As our lithium ion batteries contain landfill-safe materials that are recyclable, and have a lifespan that is three times as long as lead acid batteries, we are in a strong position to ensure the energy transition is carried out in a sustainable manner,” said Fisher.