Industry Value Chain

Acquisitions And Consolidation 2024 saw significant industry consolidation and acquisition, driven by companies exiting markets, seeking buyers during financial struggles, entering new sectors, expanding supply chains for critical materials, or boosting production capacities.

Volvo Cars to fully acquire Novo Energy by invoking redemption rights from Northvolt

Ultralife acquires Electrochem Solutions to strengthen medical/industrial solutions.

Volvo acquires Proterra's battery unit for battery pack manufacturing/ assembly capacity.

Enerpoly acquires Nilar to boost zinc-ion battery production capabilities with Nilar's line.

EnerSys acquires Brentronics for military and industrial batteries.

Rio Tinto acquires Arcadium Lithium for $6.7 billion to bring in lithium business

Arcadium Lithium acquires Li-Metalʼs IP and physical assets for $11 million

Komatsu acquires American Battery Solutions.

Pure Lithium acquires Dimien assets focusing on vanadium cathode materials.

LionVolt acquired AMTE Powerʼs battery cell production line in Scotland

Extracted from the PDF; charts and images may read imperfectly.