Trojan Battery Company was acquired by C&D Technologies. This significant event in the energy storage industry took place in 2018.
The Acquisition Details
The acquisition brought together two key players in the battery manufacturing sector, aiming to create a more comprehensive and robust portfolio of energy storage solutions.
- Acquiring Company: C&D Technologies
- Acquired Company: Trojan Battery Company
- Year of Acquisition: 2018
About C&D Technologies
C&D Technologies is a global leader in designing, manufacturing, and servicing flooded and VRLA (Valve Regulated Lead-Acid) batteries, primarily catering to industrial applications such as:
- Telecommunications
- Utility power generation
- Uninterruptible Power Supplies (UPS)
- Renewable energy systems
Their expertise lies in providing reliable power solutions for critical infrastructure.
About Trojan Battery Company
Before the acquisition, Trojan Battery Company had established itself as a premier manufacturer of deep-cycle batteries. These batteries are specifically designed to provide a steady amount of current over a long period, making them ideal for applications such as:
- Golf cars
- Renewable energy systems (solar, wind)
- Aerial work platforms
- Floor cleaning machines
- Recreational vehicles (RVs)
- Marine applications
Trojan Battery was particularly known for its innovative deep-cycle technology and strong presence in niche markets requiring durable and long-lasting power.
Impact of the Acquisition
The strategic acquisition of Trojan Battery by C&D Technologies had several key implications for the battery market:
- Expanded Product Portfolio: The merger allowed C&D Technologies to significantly broaden its product offerings, moving beyond its traditional industrial focus to include Trojan's leading deep-cycle solutions.
- Increased Market Reach: It opened new market segments for C&D Technologies, leveraging Trojan's strong brand recognition in the motive power and deep-cycle sectors.
- Enhanced Manufacturing Capabilities: The combined entity benefited from expanded production capacities and optimized supply chains.
- Synergies in Innovation: The integration facilitated shared research and development efforts, potentially leading to new advancements in battery technology.
- Strengthened Market Position: The acquisition solidified the combined company's standing as a formidable provider of diverse energy storage solutions across a wider range of industries.
This strategic move underscored the ongoing consolidation within the battery industry, driven by the increasing demand for reliable and efficient power solutions across various applications.
