Thursday, 28 March 2024
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SKion takes 20% stake in battery manufacturer BMZ

Investment company SKion GmbH has announced that it has taken a 20% stake in battery manufacturer and supplier to the bike industry BMZ.

“BMZ is not only a fast-growing, profitable technology company, it is also an excellent fit for SKion in terms of its socially relevant focus”, says Prof. Frank Richter, Managing Director of SKion alongside Susanne Klatten. “We are delighted that BMZ founder Sven Bauer has chosen us as a strategic partner. It shows his confidence in our business model: return-oriented, value-based, geared for the long-term.”

For SKion the investment is aligned to the investment targets related to renewable energy, plus circular economy. BMZ puts cells through a second life upon reclamation and has new projects underway to enhance this area of the business. There is also an interest in the future of energy storage behind the play, with SKion already producing such systems for home and industrial storage, power and garden tools, medical technology, e-mobility and industrial applications.

Earlier this year BMZ launched an interesting direct to consumer store for eBikes and accessories related to. “Buy your e-bike with an innovative electric drive system where the systems are developed, planned, designed and produced. Everything Made in Germany with decades’ of experience. We let this power and performance flow into all e-bike products in which the BMZ Group is involved,” offered the company upon launch.

The BMZ group is headquartered in Germany with production facilities in China, Poland and the USA, as well as branches in Japan, UK and France. More than 1,800 employees work for the battery manufacturer.