South African manufacturer of automotive components and energy storage products, Metair Investments Limited (hq: Johannesburg; employees: 5900; turn-over (2017): 598 million euro) acquires 35% of Primemotors for 1 million euro. Primemotors delivers Li-ion batteries to European markets and will act as the European battery R&D center for Metair. Primemotors has started a cooperation with the University Polytehnica of Bucharest on “artificial intelligence solutions” for autonomous driving. Metair operates manufacturing plants in Turkey, Romania, Germany and Kenya.
Source: engineeringnews.co.za Februari 19th 2018
Author: Irma Venter
Google search terms: Metair; Romania