Battery distributor Manbat has strengthened its position in the market by buying a competitor company, Battery Power Systems.
BPS is an independent battery supplier specialising in forklift, emergency lighting, and vehicle sensor battery applications.
Already one of the UK’s largest battery distributors Manbat’s position in the market is considerably strengthened by the acquisition.
BPS said that during previous talks with Manbat it became clear that the two businesses operated in very similar ways. It says that the combined power of the two companies should mean quick growth.
Manbat’s managing director Steve Sheppard said: “The acquisition fits well with Manbat’s desire to strengthen its position within the industrial battery sector and generally into markets additional to automotive.
“It is also a good indication of parent company Eco-Bat’s desire to support Manbat in its expansion plans and now means that Manbat’s industrial division is a £9 million turnover business.â€
Manbat has confirmed that all 35 members of staff currently employed by BPS will continue to remain with the business, and that BPS will continue to be headed by commercial director, Keith MacDonald.
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