Ecobat has acquired industrial battery distributor, Emrol. This acquisition expands Ecobat's footprint throughout the Benelux region and diversifies Ecobat's offerings of batteries in non-automotive sectors such as motive power and niche e-mobility markets.
"The Emrol acquisition perfectly complements our current operations allowing Ecobat to serve our customers in Europe with more diverse solutions and services for energy storage," said Ecobat Chief Executive Officer, Jimmy Herring. "As a leading distributor of motive power solutions used in industrial applications, this strategic acquisition of Emrol underscores our continued strategy to grow Ecobat Battery across Europe."
The e-mobility market is rapidly growing, with revenue expected to exceed $700 billion by 2030, according to Precedence Research.
"By joining the Ecobat team, we join forces with the global leader in battery solutions, strengthening our client offerings and enhancing our ability to distribute batteries across a wider geographic region," said Pieter Jacobs, managing director at Emrol.