AURELIUS closed acquisition of Panasonic’s European Consumer Battery Business
- First AURELIUS co-investment successfully closed
- Panasonic Consumer Energy is one of the leading producers of consumer batteries in Europe
Munich (Germany) / Osaka (Japan), June 7, 2021 – AURELIUS today announces that it has successfully closed the acquisition of all shares of Panasonic’s European Consumer Battery Business Units (“Panasonic Consumer Energy”) from Panasonic Europe B.V. (“Panasonic Europe”). From its European sales headquarters in Zellik Belgium, Panasonic Consumer Energy operates two manufacturing facilities, one located in Belgium and one in Poland. Across its locations Panasonic Consumer Energy today employs around 900 people and generated revenue of approx. EUR 230 million in 2019. The transaction has been structured to be the first under the newly implemented co-investment program of AURELIUS. Listed AURELIUS Equity Opportunities SE & Co. KGaA will hold a participation of 30 % in this portfolio company.
Panasonic Consumer Energy is one of the leading producers in the European consumer batteries market and has a long-standing history of high-quality manufacturing and distribution in the European market dating back to 1970. Its key products include alkaline and zinc carbon batteries as well as both rechargeable Ni-MH batteries and specialty batteries.