back to list

The transaction value is USD 13.2bn from Brookfield Business Partners

The Canadian investment fund Brookfield Business Partners announced on November 13, 2018 that it reached an agreement with JCI regarding the acquisition of 100% shares in Power Solutions, which within the JCI Group structures controls the production and sale of batteries.

In my opinion, special congratulations belong to the JCI concern, who, before the immense revolution that awaits the battery market, managed to sell a business that could generate more trouble than profit in a few years.

The era of lead-acid batteries as we know it is now coming to an end, and there are no clear indications for the direction of development of electric energy storage devices.

 

Robert Mazurek

Share: