Yanmar has bought a battery technology firm in the Netherlands.
Yanmar Holdings has acquired a majority share in ELEO Technologies, a battery technology company in Helmond, the Netherlands. Integrating ELEO’s modular battery technology into Yanmar’s range will allow the firm to expand its electric powertrain capabilities with versatile solutions for off-road applications.
“We are thrilled to partner with Yanmar”, said ELEO co-founder Bas Verkaik.