Lithium Werks Acquires Industrial Business of A123 Systems

Lithium Werks has acquired the original A123 Systems manufacturing plants located in Changzhou, China. These plants produce NanoPhosphate technology in the form of cylindrical cells that have been used globally in a wide array of applications, especially in the industrial market.

As part of the transaction, Lithium Werks has taken over the customer relationships in China, Europe and the United States as well as the operations, staff and product designs associated with the Changzhou business. Lithium Werks is also the new owner of the POWER. SAFETY. LIFE. trademark that characterized A123’s product portfolio in its early years. The transaction was financed through the working capital of Lithium Werks.

“We are confident that this acquisition helps propel Lithium Werks into a leadership position in the Lithium Iron Phosphate market globally,” said Knut H. Nylænde, Lithium Werks’ chairman.

“A123 Systems is pleased to have concluded this agreement and is confident that our former customers in the industrial market are in great hands with Lithium Werks. A123 is sharpening its focus on world-class automotive applications ranging from mild-hybrids to fully electric vehicles,” said Jeff Kessen, A123 Systems’ VP of corporate strategy.

This year, Lithium Werks has acquired the industrial division and cylindrical cell manufacturing plant of A123 Systems and purchased Valence.

Lithium Werks is a fast growing global lithium ion battery company with production facilities in China and offices in the USA, the Netherlands, Northern Ireland, Great Britain and Norway. Lithium Werks provides cells, modules, and battery management systems into markets such as material handling, stationary energy storage, medical and commercial marine.

A123 Systems provides complete energy storage solutions through advanced battery cells and systems primarily for transportation applications. Offering a full range of world-class products, A123 delivers superior performance, reliability and cost savings from concept through commercialization.