By Jason Deign
The world’s oldest battery company isn’t clinging to the past. Leclanché, of Switzerland, is betting on its two newest lines of business for future growth, said Jacques Boppe, the company’s vice president of corporate development.
“Stationary storage is a growth business and transportation is a growth market,” said Boppe.
Both areas were given separate business unit status in January 2015 as part of a turnaround plan that saw Anil Srivastava, the former boss of Areva Renewables, taking the helm of the company in June 2014.
The turnaround followed financial troubles that resulted in Leclanché’s German subsidiary needing a €5m bailout from the Bruellan Corporate Governance Action Fund in 2012.
Boppe said Leclanché is expecting both business units to blossom while it continues to serve its legacy business, creating and distributing custom battery systems for specialist customers such as the Swiss Army, from a third unit.
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