Epsilon to Acquire Cathode Active Material Research Center in Germany
The financial terms of the acquisition have not been disclosed
India-based Epsilon Group, a battery materials manufacturer, has entered into an agreement to acquire John Matthey’s Technology Center focused on lithium-ion phosphate (LFP) cathode active materials in Moosburg, Germany.
The financial terms of the acquisition were not disclosed.
The facility features top-tier technical capabilities and a skilled workforce specializing in LFP chemistry. It also offers extensive product and process development capabilities, along with a versatile customer qualification plant tailored for testing new materials intended for large-scale production.
With this acquisition, Epsilon gains the ability to introduce a well-established, high-performance cathode active material to the market.
Vikram Handa, Managing Director of Epsilon Group, said, “At Epsilon, we envision a world galvanized by sustainable energy alternatives. Our advancement in anode research and manufacturing was a first step, and this acquisition underscores our commitment to serving our global clientele with sustainable and reliable material.”
The strategic location of the Moosburg Research and Development center provides Epsilon with a distinct advantage, enabling access to Europe’s rich talent pool in battery materials and allowing the company to better serve its global customer base.
Epsilon aims to significantly shorten the timeline for technology development and scaling up. This acquisition acts as a catalyst for Epsilon’s ambitious goal of meeting a demand of 100 GWh.
Epsilon is also planning a $650 million synthetic graphite anode manufacturing facility in the U.S. with a 50,000 tons per annum production capacity. Epsilon plans to utilize green technologies to produce high-capacity anode materials at this facility, which would be crucial in powering over 1 million electric vehicles (EVs).
In alignment with its vision, Epsilon had previously announced a $1.1 billion investment to establish a 100,000-ton cathode battery materials manufacturing facility in Ballari, Karnataka, India. The project will focus on manufacturing graphite anode material for the Li-ion batteries in line with the ‘Make in Karnataka’ vision, enabling the company to cater to 10 million EVs.