Voltabox wants to buy Navitas Systems, which makes lithium-ion battery Systems.

Based in Germany, VoltaboxAG decided to purchase Navitas systems, LLC, all shares, Navitas systems, LLC is the internal logistics market battery system provider, the purchase amount is around 37 million euros.

Navitas systems LLC headquarters is located in Woodridge (Illinois), was founded in 2010, is a system and battery lithium ion batteries manufacturers.The company is expected to reach $25 million in fiscal year 2018, about 80 employees, in Ann arbor, Michigan city, covers an area of 50000 square feet of research and development center.

In addition to the battery system used for internal logistics market, Navitas also to provide customers from all walks of life and battery production standards lithium battery products.The company USES German manufacturers Manz automatic system in the production of various types of batteries.Reporter said, the production line is just at the beginning of 2018 the installation is complete.

The company's battery production is about 600000 a year.However, I believe in the near future, this figure will increase to $1.5 million a year.Although Voltabox will be in China, South Korea, Japan and America through its long-term partners continue to meet the demand of the majority of its battery, but it wants to directly use battery technology, in order to meet the special requirements for its substantial benefits and real applications.Navitas at the core of researchers are working to develop innovative solid-state batteries and lithium sulfur batteries included project, these cells have a higher energy density and longer service life.

"By NavitasSystems, we will greatly accelerate the growth of our business in internal logistics market," VoltaboxAG JurgenPompel chief executive said."We will get very precious resources and production capacity.In addition, we enter the battery research and development and production are a great extension of the value chain, and enable us to more closely match our battery system to meet customer needs.Therefore, we will take an important step closer to our internal logistics market as a global market leader in goal."

Allen ElShafei, navi, founder of the education system will be Voltabox U.S. subsidiary of the board of directors, and inform the company."In the future, Voltabox from Delbruck (Germany), Austin (USA) and Kunshan (China) three sites provide service for internal logistics markets around the world.In the company's AnnArbor factory, it will strengthen its battery system development research and production.The company will expand its existing in these areas of cables and electronic equipment production facilities, the facility will also provide the Austin factory.

According to the personage inside course of study, although the plan is very good, but the acquisition of Navitas still needs to be approved by the department.

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