Voltabox acquires Concurrent Design
Germany’s battery maker Voltabox has acquired Texas-based engineering firm Concurrent Design. The acquisition is to add development capabilities to Voltabox and to strengthen its position in the U.S. market with further buy-ins planned.
The acquisition has taken immediate effect and Voltabox will now oversee the 20 employees of Concurrent Design that are based in Austin, Texas. The Germans hope for additional expertise when it comes to developing and making safe and economic lithium-ion battery systems.
Concurrent Design employs mostly designers and software developers with know-how in manufacturing and testing automation. Says Jürgen Pampel, CEO of Voltabox AG: “Concurrent Design has successfully completed more than 1,700 projects in the fields of renewable energy, medical technology, semiconductors and electronics, among others. (…) The integration of Concurrent Design is a logical step against the background of our current and future growth.”
Voltabox says it wants to finalise further acquisitions in Germany and the USA, that are to boost the company’s three operating segments Voltapower, Voltaforce and Voltamotion.
The acquisition of Concurrent Design is to strengthen Voltabox business Voltapower. It is the first take over for the company in this field since its IPO. In the U.S. Voltabox focus is currently on the development of battery systems for underground mining. The company will therefore initially use Concurrent Design to process the large order backlog from the customer Komatsu Mining Corp.
Over in Europe and California, Voltabox could last be seen working closely together with Kiepe Electric to supply batteries for their large electric bus orders (we reported).