FIAMM Energy Technology S.p.A.(Formerly FIAMM S.p.A.)

Company Profile

■URL

https://www.fiamm.com

■Address

Viale Europa 75, Montecchio Maggiore 36075 (VI), Italy

Business Overview

-The Company develops, manufactures and distributes batteries and accumulators for the mobility and industrial markets. The Company was created following its separation from the FIAMM Group as a separate entity focusing on automotive and industrial batteries with lead-acid technology.

-The Company’s development of battery solutions for the mobility industry have recently focused on Absorbant Glass Material (AGM) and Advanced Flooded Batteries (AFB) for the reduction of CO2 emissions by supporting Start & Stop technology. The Company provides battery solutions for passenger vehicles, motorcycles, commercial vehicles, leisure vehicles, and marine vehicles. The Company has two plants focused on the production of vehicle batteries, located in Avezzano and Veronella, Italy.

Shareholders

-The Company is a subsidiary of the Resonac Corporation, formerly known as Showa Denko. In February 2017, Hitachi Chemical completed the purchase of 51% of the Company’s shares. The Company had been created following the separation from the FIAMM Group of the lead-acid automotive and industrial battery business. In October 2020, Showa Denko acquired Hitachi Chemical, making Showa Denko the new majority owner of the Company.

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Products

-Absorbent Glass Mat (AGM) VRLA battery
-Advanced Flooded Battery (AFB) technology for engines with start/stop capabilities
-Flooded maintenance-free lead-acid batteries
-Flooded hybrid lead-acid batteries

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History

1942	The Company was established by Giulio Dolcetta to manufacture electrically driven three-wheelers.
1950-60	The Road-Master electro-pneumatic horns were produced. The 6AP35 battery, "Green Disk", was produced.
1960-70	Ferrari used FIAMM's "Superleggera" (ultra-lightweight) battery on its "Dino" at the Daytona event. The same battery was later used on the Fiat "Abarth" single-seater. The first sealed stationary battery was introduced.
1970's	The Premium battery was produced. Nova was born - a battery for driving vehicles electrically, in the middle of the energy crisis. The CTP horn was produced. The new plant at Almisano di Lonigo was built.(1973) The new plant - "FIAMM Components and Accessories" - was opened in Montecchio Maggiore.
1980's	Set up a commercial company in Germany. (1981) J.V. with Trico for the development of the horn business in U.S.A.(1987) Ford chose the Company as sole supplier of horns for all of its cars.(1988) A new horn plant was established in Brownsville (Texas) (1988)
1990	Acquired Klaxon, the French horn manufacturer. Launched "Fast", its new, rapidly installed, maintenance free battery.
1992	Acquired Baren, an Austrian battery manufacturer.
1993	Relocated the horn production facilities in America from Brownsville to Cadillac (Michigan).
1994	Entered the car antenna business with the acquisition of Mecaniplast.
1995	The FIAMM Ecoforce sealed, recombining battery was installed on the new Ferrari "F50".
1998	Acquisition of the Czech battery manufacturer Akuma and of two commercial companies in Germany Akkuschmidt and in G.B. Euro Battery Distribution. A new J.V. with Sogefi Bosinas ltda for the development of the horn business in Brazil.
1999	Acquired Uranio and United Energy. Acquired IBC - a major distributor of motive power batteries.
2004	Formed joint venture with Minda in India for the production of horns for cars and motorbikes.
2007	The share structure is consolidated to two family groups with Stefano Dolcetta (Managing Director) and Alessandro Dolcetta (Vice-President).
2010	Formed joint venture with MES-DEA S.A. called FZ Sonick S.A. to produce sodium nickel chloride batteries.
2014	Entered into lithium-ion battery business.
Feb. 2017	51% of the Company was purchased by Hitachi Chemical for EUR 90.3 million, following the separation of the Company from the FIAMM Group. The FIAMM Group owns the remaining 49% of the Company.
Jan. 2020	Announced that Hitachi Chemical Co., Ltd. (holding 51% of FIAMM Energy Technology capital share) selected Showa Denko K. K. as a new partner and would express its opinion supporting the tender offer for Hitachi Chemical’s shares by Showa Denko and recommend its shareholders to tender their shares in the tender offer.
Oct. 2020	Showa Denko (now known as Resonac Corporation) completed the acquisition of Hitachi Chemical, making it the new majority owner of the Company.