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Catapult News Update No8
NEW DEALCatapult and Orbis Partners have backed the acquisition of Accutronics Limited, a bespoke, high performance battery design and assembly business. The business produces high tech battery solutions for market leading global OEM businesses in the medical, military and industrial products sectors. Formerly owned by GE and Energizer, the business was part of a Chinese state owned conglomerate and known as Moltech Power Systems prior to Administrative Receivership in August 2009. The acquisition and re-launch of the company as Accutronics has saved the jobs of 47 employees in Newcastleunder- Lyme.
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