Leoch, a supplier of marine batteries, has recently announced that it will be acquiring a 100% stake in DBS Leoch, a UK-based battery specialist.
As one of the largest battery manufacturers in the world, the agreement to acquire the entire stake of DBS Leoch will see a new company, Leoch Battery UK become the UK subsidiary of Leoch International. The changes will enable Leoch to grow its battery business from leisure and industrial sectors in the UK. The new business will be based in Market Harborough, Leicestershire, and will employ all 20 of DBS Leoch’s current staff.
Fred Hapiak, president of Leoch International Holding, said, “We are extremely focused on growing our business in the EMEA region and the UK in particular, and providing the best service to our customers in many sectors, from lead batteries to Li-ion batteries for leisure, automotive, UPS, telecom, renewables and industrial applications. Our further investment in Leoch Battery UK will allow us to increase our penetration in the UK market and provide more added-value services to our clients in the region.”
Henry James, MD of Leoch Battery UK, added: “We’ve been selling Leoch’s industry-leading battery range for almost 10 years now and the technology has proved to be particularly successful for UK customers. We’re delighted to become a wholly owned business in the Leoch International group and look forward to helping it to achieve its goals in the UK and European markets.”
Leoch previously invested in DBS Leoch in January 2018, and prior to that the former DBS Energy company supplied Leoch batteries to the UK market for seven years.