TVH acquires Battery Supplies
By Euan Youdale18 June 2021
Spare parts specialist TVH has acquired Battery Supplies, based in Deerlijk, Belgium, along with its subsidiaries Battery Supplies France, based in Meyzieu, and BATTEC Batterie Vertrieb, in Erftstadt, Germany.
Founded in 1999, Battery Supplies provides a one-stop shop for batteries, battery chargers and accessories, as well as maintenance and repair services.
While potential synergies for the two companies will be expored, following the aquisition, it will be business as usual for customers of TVH, Battery Supplies and its subsidiaries, said TVH. The company will operate autonomously from its current offices and warehouses and will continue to be lead by its existing management team.
Battery Supplies employs 80 people and has an annual revenue of more than €43 million. The company has a database of 54,000 article numbers, of which 6,000 are in stock.
Dominiek Valcke, CEO of TVH Parts Holding, said, “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.”