Exide EMEA and Asia-Pacific now a Standalone Company
2020-10-28
Cold Chain Federation member Exide Technologies’ former EMEA and AsiaPacific business now operates as a standalone company under new owners. Today, the battery manufacturer announced the ‘closing of the deal’, successfully concluding its separation from the Exide Holdings, Inc. in the US and the transfer of its entire business to a group of long-term shareholders, under the US-based Energy Technologies Holdings LLC. As part of this transaction, the business received further multi-million-dollar funding from the new investors.