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Wetac Battery Company

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Company Research Report: Wetac Battery Company



Company Overview



  • Name: Wetac Battery Company

  • Mission: To continuously advance in battery technology, focusing on higher capacity, longer lifespan, and environmentally friendly production processes. Wetac aims to maintain growth and development as its core driving force.

  • Founded: 1985

  • Founder(s): Information not explicitly available

  • Key People: Marco van Wijngaarden, CEO

  • Headquarters: Ede, Netherlands

  • Number of Employees: Approximately 50

  • Revenue: No information is available

  • What the Company is Known For: Wetac is known for being a comprehensive supplier of batteries and battery systems, serving a diverse range of sectors across Europe. Its reputation is built on the quality of its products and services and its commitment to customer relationships.


Products



  • Automotive Batteries:

  • Description: Includes starter batteries, hobby batteries, and industrial batteries for various vehicles such as cars, trucks, motorcycles, and boats.

  • Key Features: Available in multiple technologies including lead-acid, AGM, EFB, Gel, lithium, semi-traction, and full traction.


  • Stand-By Batteries:

  • Description: Offers a variety of batteries for emergency power systems, telecom systems, alarm installations, UPS, emergency lighting, and medical equipment.

  • Key Features: Provides closed, maintenance-free lead-acid batteries, focusing on installation, instruction, and optimal maintenance.


  • Motive Power Batteries:

  • Description: Includes batteries for cyclic applications such as golf carts, aerial work platforms, scrubbers, sweepers, and mobility scooters.

  • Key Features: Offers AGM and GEL technology with accessories like chargers and battery filling systems.


Recent Developments



  • New Shareholder:

  • Nordian, a Netherlands-based private equity firm, has joined Wetac's shareholder base. They aim to support Wetac’s growth, targeting new geographical markets and battery application opportunities, including energy transition solutions.


  • Strategic Partnership:

  • Wetac announced a strategic collaboration with Conneqtech focused on intelligent battery monitoring. The aim is to optimize battery monitoring for vehicles, particularly targeting smaller electric vehicles such as mobility scooters and cleaning machines.


  • Recruitment Growth:

  • Due to business growth, Wetac is expanding its team and recruiting for positions like Financial Administration and HR Advisor.


  • Market Expansion:

  • Wetac is planning for expansion into new geographical markets and is exploring new battery applications critical for energy transitions, indicative of an ongoing strategic push to scale their operations.


Conclusion



Wetac Battery Company has established itself as a leading supplier of batteries across various sectors in Europe. With strategic partnerships, expanded shareholder engagement, and a focus on cutting-edge product offerings, Wetac is well-positioned to navigate the dynamic landscape of battery technology and energy solutions.