Manitou Group, a provider of handling, aerial work platform and earthmoving equipment, gained an 82 percent stake in easyLi, a specialist in the design and production of lithium-ion batteries. This strategic transaction gives the Group specific skills in the context of its energy transition.
“easyLi’s expertise adds substantial value to our organization," said Michel Denis, president and CEO of Manitou Group. "By internalizing this expertise, we are going to be able to study machine-battery interactions in depth and thus continue to reduce total cost of ownership for our users. This operation is in keeping with our research and development plan to accelerate our energy transition.”
Founded in 2011, easyLi manufactures and maintains lithium-ion battery systems for electric mobility and stationary energy storage solutions. It has 25 employees and is based in the Poitiers ‒ Futuroscope business district.
As a result of this acquisition, Manitou Group is extending its competence with business lines dedicated to R&D and the production and reconditioning of these batteries.
