[ad_1]
Sensata Technologies has announced the full acquisition of Denmark-based Battery Management System (BMS) provider, Lithium Balance.
Since its founding in 2006 as a start-up at the Danish Technological Institute, Lithium Balance has developed next generation BMS technologies for lithium ion batteries, including its XOLTA brand of fully modular, cloud-connected energy storage systems (ESS).
Sensata says the acquisition advances its electrification business and strategy in the clean energy markets.
The addition of Lithium Balance expands Sensata’s portfolio to offer battery management solutions to a variety of vehicle OEMs and integrated energy storage solutions to commercial and industrial customers.
“We are pleased the talented Lithium Balance team is now part of Sensata,” said Sensata Technologies EVP Sensing Solutions, Vineet Nargolwala.
“We have already seen great benefits from our close collaboration in developing common technology solutions for the benefit of our customers.
“The acquisition enables us to deliver more comprehensive battery management solutions across a wide range of electrification applications in a variety of industrial and transport markets.”
Show the press release
https://investors.sensata.com/investors/news-releases/press-release-details/2021/Sensata-Technologies-Furthers-Electrification-Strategy-with-Acquisition-of-Lithium-Balance/default.aspx
Original source: https://investors.sensata.com/investors/news-releases/press-release-details/2021/Sensata-Technologies-Furthers-Electrification-Strategy-with-Acquisition-of-Lithium-Balance/default.aspx
[ad_2]
Source link
