STOCKHOLM, March 5 (Reuters) - Swedish battery tech firm
HolyVolt has bought U.S.-based R&D company Wildcat Discovery
Technologies for $73 million, the companies said on Thursday, as
part of its efforts to help Western battery makers scale up to
mass production.
The deal comes amid rising tariffs and geopolitical tensions
that are pushing Europe and the U.S. to reduce reliance on China
for battery materials. It also comes a day after new European
Commission proposals aimed at strengthening domestic
manufacturing and securing regional supply chains.
* Wildcat CEO Mark Gresser said he has seen strong interest
from potential investors and strategic partners who are "really
desperate to change the situation with regard to supply from
China"
* Some battery projects have struggled to scale up from the
lab to large-volume manufacturing, including bankrupt Swedish
battery maker Northvolt
* Wildcat's platform runs thousands of parallel battery
experiments at pilot scale for anode, cathode and electrolyte
development for global manufacturers
* Deal combines Wildcat's technology with HolyVolt's
solvent-free screen-printing process to spot scale-up issues
earlier
* HolyVolt's CEO and founder Mathias Ingvarsson told Reuters
the acquisition broadened its U.S investor reach, adding to
existing Swedish backers including truckmaker Volvo Group
and Wallenberg's FAM
* Transaction structured as cash, equity and deferred
milestones payment, with Wildcat becoming a wholly-owned
subsidiary. No further details were provided