International Company Acquires Go Electric
(photo courtesy of Go Electric)
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowAnderson-based Go Electric Inc. has been acquired by a French company. Financial terms of the deal were not disclosed, however Saft says the acquisition will allow it to expand its technology portfolio for distributed renewable solutions and reinforce its North American footprint.
Go Electric is located at the Flagship Enterprise Center in Anderson. The company develops "distributed energy resiliency solutions" for microgrids and commercial and industrial customers. Since launching in 2011, the company has landed millions of dollars in investment.
"This acquisition is an important step in Saft’s strategy to accelerate the growth of its energy storage systems business: Saft is now able to expand its scope of expertise from battery design and manufacture to the deployment of integrated turnkey distributed renewable energy storage solutions that connect customer sites to the grid,” said Philippe Sauquet, president of gas, renewables & power at Total, the parent of Saft.
Lisa Laughner, co-founder and chief executive officer of Go Electric, says the company can accelerate its growth beyond North American and benefit from Saft’s brand recognition.
(Pictured) Go Electric Founder, President & CEO Lisa Laughner with Saft Executive Vice President Hervé Amossé, and co-founders Tony Soverns and Alex Creviston, and Saft Americas’ President Annie Sennet.