Naintech Acquires Management Rights of Talos

[Asia Economy Reporter Hyungsoo Park] NineTech announced on the 4th that it has acquired shares to take over the management rights of Talos, a company specializing in secondary batteries and chargers for the defense industry.

The acquired shareholding ratio is 60% (1,698,140 shares), with an investment of approximately 7.2 billion KRW. This investment aims to create synergy effects linked to the secondary battery pack business.

Founded in 2005, Talos has a track record of supplying to defense companies such as Hanwha Systems and LIG Nex1. It is expected to grow in the secondary battery nuclear power sector if the government’s nuclear phase-out policy changes.

A NineTech official explained, "By acquiring the management rights of Talos, we will expand our scope from a secondary battery equipment manufacturer to a secondary battery finished product manufacturer," adding, "Talos possesses core technologies related to secondary battery stabilization."

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