ANDERSON — A local green-technology company appears poised to add office space and jobs after being acquired by an international company specializing in battery production technology.
Go Electric Inc., headquartered at the Flagship Enterprise Center, announced this week that its shares have been purchased by Saft Batteries, a French company specializing in advanced technology battery solutions for a variety of industries. The move allows Saft to step further into the arena of renewable energy storage systems while giving Go Electric an opportunity to expand its reach beyond North America, officials said.
“Go Electric can accelerate its growth beyond North America and benefit from Saft’s brand recognition and long-standing experience in providing high quality products in energy storage,” Lisa Laughner, CEO and co-founder of Go Electric Inc., said in a press release.
The acquisition also likely means Go Electric could bolster its local workforce and enlarge its space at the Flagship, although officials declined to speculate on specifics.
“They will be adding jobs,” said Greg Winkler, executive director of the City of Anderson’s Economic Development Department. “They already were on a steep growth curve. I think they’ll reach that and surpass that.”
Laughner said part of what made the deal appealing for Go Electric and its shareholders was Saft's commitment to ensuring the company would retain a footprint in central Indiana.
"They’re going to continue to invest in us in Indiana," she said. "Their goal is to help us grow. They realize how much of a commitment we have to the city of Anderson, and they’re committed to helping us grow that relationship."
Winkler said talks between the two companies had been ongoing for “about four or five months,” and added that he expects Go Electric to add a Microgrid Center of Excellence in Anderson that would allow fabrication work to enhance its technological offerings in that area.
“It’s been wonderful watching Lisa and (chief technology officer) Tony (Soverns) build this company from the ground up,” Winkler said. “It’s gratifying to see them reach a point where this thing is now going to go national.”
Follow Andy Knight on Twitter @Andrew_J_Knight, or call 765-640-4809.