Leoch, one of the world’s largest battery manufacturers and listed on the Hong Kong stock exchange, has announced an agreement to acquire a 100% stake in DBS Leoch, a leading UK battery specialist. The new company, Leoch Battery UK Ltd, will become the UK subsidiary of Leoch International. This agreement will enable Leoch to significantly grow its battery business from the industrial and leisure sectors in the UK.
Leoch previously invested in DBS Leoch in January 2018. Prior to that agreement, the former DBS Energy company had supplied Leoch batteries to the UK market for seven years. The new Leoch UK business will be based in Market Harborough, Leicestershire and will continue to employ all 20 DBS Leoch staff.
Fred Hapiak, president of Leoch International Holding Ltd, 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 Ltd 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, managing director of Leoch Battery UK, added: “We’ve been selling Leoch’s industry-leading battery range for almost 10 years now and the technology has proven to be particularly successful for UK customers. We’re delighted to become a wholly-owned business within the Leoch International group and look forward to helping it to achieve its goals in the UK and European markets.”