Yanmar Holdings Co, Ltd., introduced it has actually obtained a bulk share in ELEO Technologies B.V., a battery modern technology business based in the Netherlands, as the Japanese multibillion buck international business intends to progress its energized powertrain capacities.
The economic regards to the offer were not revealed, yet Yanmar claimed it got a bulk share in ELEO with its subsidiary Yanmar Europe B.V., through a collection of associated purchases consisting of a complete leave of early-stage financier Lumipol Group
After signing up with the Yanmar Group as component of Yanmar Power Technology Co., Ltd., ELEO will certainly remain to run as a stand-alone entity under its very own brand name at its existing place in Helmond, theNetherlands ELEO’s owners Bas Verkaik, Jeroen Bleker and also Bram van Diggelen, will certainly keep their concentrate on more reinforcing the business’s modern technology and also speeding up service development. The owners will certainly be signed up with by essential execs from Yanmar to develop the business’s administration board.
“We are thrilled to partner with Yanmar”, claimed ELEO founderBas Verkaik “Yanmar’s leading position, premium brand reputation, global network and decades-long experience in off-road applications and ELEO’s advanced modular battery systems are a perfect match to accelerate the adoption of electrified powertrain solutions worldwide.”
“Yanmar is committed to delivering electric powertrain solutions that enable our customers to adopt zero-emission technology without compromising on productivity,” claimed Tomohisa Tao, President ofYanmar Power Technology “The investment in ELEO gives us the opportunity to adopt highly innovative technology that has been engineered for the tough conditions in which our end-users work. We look forward to working with the ELEO team on their progressive product roadmap and utilizing our experience, expertise and global presence to support them in their exciting growth path, towards the realization of A Sustainable Future”.
