April 26, 2021
Acquires Madrid-based Meibat SL. distribution business to create new Leoch Iberia company
Leoch, one of the largest battery manufacturers in the world, listed on the Hong Kong stock exchange (stock code 842), has acquired a leading Madrid-based battery distribution business to grow its European operations in Spain and Portugal.
Leoch has successfully completed the acquisition of Meibat SL., a company with more than 20 years’ experience in the the distribution of industrial batteries across the Iberian Peninsula. This will enable Leoch to create a new business covering Spain and Portugal – Leoch Iberia – to strengthen its European operations with existing companies in France, Germany, Italy and the UK.
Meibat SL. focuses on complementary sectors to Leoch in telecommunications, UPS, data centres, renewables and energy storage as well all different motive market segments. The company is in the top 10 of battery and energy system distributors in Spain with all the major Key Accounts in the region.
Leoch Iberia will retain the existing workforce and management of Meibat SL. and will establish a dedicated warehousing facility in Madrid to ensure fast delivery of its industrial battery products to customers across Spain and Portugal. The new company expects to create additional jobs through a strategic plan to use the Spanish operations as a base to extend into Latin America, using a network of local representatives in different Latin American countries, supported by Leoch Iberia and Leoch EMEA headquarters in Athens, Greece.
Apostolos Tasiopoulos, EVP EMEA – VP Global Telecom at Leoch International Battery Pte Ltd said: “Leoch previously had a representative in Spain but now this major acquisition will enable us to establish a permanent footprint with all Original Equipment customers in Iberia, as it was the only major European country on our target list where we didn’t have our own entity, adding to successful facilities in France, Germany, Italy and the UK.
“From this new base in Madrid, we will focus on driving the growth of our leading industrial batteries with all major Key Accounts in the network power market (telecom, UPS/data centre, renewables/energy storage etc) as well as in the motive power one (mobility, AWP, floor cleaning, car conversion, caravans, yachting etc) in Spain and Portugal,” he continued.
Leoch operates on a global market, with subsidiaries and sales offices in every region.
Leoch International Technology Limited is an international high tech enterprise, founded in 1999. It produces mainly reserve power batteries, SLI batteries and motive power batteries covering a wide range of critical applications for a broad spectrum of industries, including Telecommunications, UPS Systems, Renewable Energy, IT, Power and Distribution Material Handling and Logistics, Leisure & Mobility, Transportation, etc.
Leoch maintains ten (10) regional manufacturing plants located in PRC, Malaysia, Sri Lanka, India and Vietnam currently employing more than 12,000 people. LEOCH factories cover an area of more than 1 mil. sq.m. The 105 production lines and related testing equipment together with three (3) dedicated battery research and development centers constitute a strong and advanced manufacturing, research and development enterprise.
Leoch is the No. 1 lead acid exporter in China for the last 6 years, selling products to over 100 countries in the world while its annual turnover exceeds 1,4bil. US$ and has an annual production capacity of over 20GVAh / year.