Healthcare Mergers, Acquisitions & Ventures Week
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Aide Solar
Aide Solar Parent Company the Panjit Group Expands Energy Storage Market Portfolio with Acquisition of LiFeTech
November 14th, 2009
The Panjit Group, a broad-based manufacturer of leading-edge technologies headquartered in Taiwan, announced the acquisition of LiFeTech, (Lifebatt Production Inc. Taiwan) a supplier of specialty lithium ion rechargeable battery modules which use iron phosphate (LiFePO4) as a cathode material. The strategic move bolsters the position of the company in the energy storage market and allows it to offer customers the ability to capture and store energy for later use in renewable energy applications such as solar, wind, electric vehicles, and uninterrupted power supplies. The ability to supply LiFeTech batteries also allows The Panjit Group's subsidiary Aide Solar, a large-scale producer of...
Source: Healthcare Mergers, Acquisitions & Ventures Week (2009-11-14)
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