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Daimler to acquire Evoniks interests in lithium-ion companies

Stuttgart / Essen - Daimler AG and Evonik Industries AG are restructuring their activities in the field of electric mobility in Kamenz and Kirchheim/Teck, and are thus reflecting the changed market conditions.

Daimler will acquire all of the shares held by Evonik in Li-Tec Battery GmbH (50.1 percent) and in Deutsche ACCUmotive GmbH & Co. KG (10 percent). This will make Daimler the sole owner of the two companies. The parties have agreed not to divulge the details of the agreement.

In recent years, Daimler and Evonik have together developed the industrial series production of lithium-ion battery cells for electric vehicles in Kamenz. In line with its systematic focus on specialty chemicals, Evonik had been seeking new perspectives for its lithium-ion business. "The agreement creates important opportunities for Germany as an industrial location in an international environment of intense competition for realizing electric mobility as the drive system of the future. In this way, Evonik and Daimler have found a good solution," stated Thomas Hermann, Head of Corporate Development at Evonik Industries. Harald Kr



Source: IWR Online, 01 Apr 2014

 


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