The acquisition of EAS enables Britishvolt to scale up the final part of its 46xx cell development and, according to the company, this cell solution will meet the criteria of next-generation, high-performance and long-range battery technology.

“This acquisition – the second in our short history, and first overseas – underscores the drive and determination of Britishvolt to offer best-in-class battery solutions to our customers,” Nadjara added.

The buyout follows the recent announcement that EAS is moving into marine battery products. EAS said it will also facilitate getting battery systems to this particular market segment quicker and support the pathway to decarbonisation.

Britishvolt lauded EAS’s track record in providing innovative, tailor-made battery cell products for its customers. It added that it intends to make additional investments in EAS to help to ensure that it can “reach its full potential within the Britishvolt family.”