TVH, a global player in the field of spare parts for lift trucks, industrial vehicles, construction machinery and agricultural tractors, has acquired the shares of Battery Supplies in Deerlijk, Belgium and its subsidiaries in Meyzieu, France (Battery Supplies France) and Erftstadt, Germany (BATTEC Batterie Vertrieb).
Founded in 1999, Battery Supplies has built a strong reputation over the years as a one-stop shop for the supply of batteries, battery chargers and accessories, as well as maintenance and repair services.
While exploring possible synergies, it will be business as usual for the customers of TVH, Battery Supplies and its subsidiaries. The company will keep operating autonomously from its current offices and warehouses and will continue to be headed by its current management team.
Future-proof technical expertise
Dominiek Valcke, CEO of TVH Parts Holding: “We have already been working together side by side over the past years and we are convinced that Battery Supplies’ future-proof technical product expertise and vast market knowledge will contribute valuably to the technical capabilities of TVH. We acknowledge that, due to the increasing electrification in our core markets, the need for batteries and ancillary products will become more and more important - and could even be expanded beyond our existing markets. We look forward to exploring these options together with the Battery Supplies team.”
Battery Supplies employs 80 people and accounts for an annual revenue of over 43 million euros. The company has a total database of 54 000 known article numbers, of which 6000 in stock.