PCBL Limited has announced the acquisition of Enersil Pty Ltd, an Australian company specializing in nano-silicon technology for battery applications, through its joint venture (JV) company, Nanovace Technologies Limited. This strategic move comes as part of PCBL’s plans to enter the rapidly growing battery application market, including electric vehicles, with the acquisition of 100% of Enersil’s shareholding for a cash consideration of AUD 2,000,100.
As per a joint venture agreement with Kinaltek Pty Ltd, PCBL holds 51% in the JV company, with Kindia Pty Ltd owning the remaining 49%. The acquisition of Enersil is aimed at creating a high-margin value-added product portfolio in the battery technology space.
Enersil, established in March 2024, focuses on the research and development of nano-silicon technology, a key component in advanced battery systems. The acquisition will enable PCBL to leverage Enersil’s expertise in this field and expand its presence in the growing global market for battery solutions.
The acquisition is expected to be completed within 14 days, subject to customary regulatory approvals and filings. This move reflects PCBL’s commitment to diversifying its business and tapping into the burgeoning demand for innovative battery technologies, particularly in the electric vehicle market.
