Forsee Acquires the French Branch of Dow Kokam LLC (USA) and 100% of Their Shares
Forsee Power SAS and Dow Kokam LLC have recently signed an agreement through which Forsee has acquired 100% of Dow Kokam France SAS' shares.
Paris, France (PRWEB) December 04, 2013
The acquisition of Dow Kokam France SAS (ex SVE-Dassault) is the result of Forsee’s strategy, which aims at reinforcing its position and skills in the development and integration of batteries and battery management systems for electric vehicles and energy storage solutions. This strategy was announced and confirmed in early 2013 with Electranova Capital, the Cleantech investment fund run by Idinvest Partners and sponsored by EDF.
According to Christophe Gurtner, founder and CEO of Forsee: "In addition to its pre-established production facilities in China and Poland, Forsee now owns a production site in France, with highly-skilled development teams, enabling the production of top of the art battery systems for industrial applications, across the complete power range."
Jean-François Herchin, president of Dow Kokam France and new deputy CEO of Forsee, adds: “Dow Kokam joins Forsee with over 10 years of accrued experience, high-performance production, solid know-how and numerous references in electric transport (cars, trucks, buses, trains, boats) and energy storage (residential, industrial and networks). It finds in Forsee the synergy and the means for its development on high-response markets."
Forsee specializes in batteries and battery management system development and integration for the portable and mobile equipment, electric vehicles, and energy storage markets. Since 2011, Forsee has grown as a result of several mergers with major companies such as Uniross Industries, Ersé, EnergyOne and now Dow Kokam France. Forsee has locations and clients in Europe, China, and the United States.
About Dow Kokam France
Dow Kokam, LLC was formed in 2009 as a global advanced energy storage manufacturer, providing solutions that meet the diverse needs of the transportation, defense, industrial and stationary storage industries. In January of 2010, Dow Kokam acquired Société des Voitures Electriques (Electric car Company) from Marcel Dassault Industrial Group and became Dow Kokam France, SAS. Dow Kokam, now KD Advanced Battery Group, is a joint venture majority owned by MBP Investors, an affiliate branch of Townsend Ventures LLC. Dow Kokam France is now renamed Forsee Power Industry SAS.
Contact/Info: anna.echeverria (at) forseepower (dot) com – http://www.forseepower.com
For the original version on PRWeb visit: http://www.prweb.com/releases/2013/12/prweb11386835.htm