Exide Industries signs strategic cooperation deal with ExCom for EEA market
- Exide Industries signs long-term strategic cooperation with ExCom Energy Solutions GmbH
- Partnership focuses on industrial battery business across the European Economic Area
- Collaboration covers traction batteries and stationary energy storage systems
- Products will be marketed under the ExCom brand in the region
*this image is generated using AI for illustrative purposes only.
Exide Industries has entered into a long-term strategic cooperation agreement with ExCom Energy Solutions GmbH to jointly develop the industrial battery business across the European Economic Area. The partnership, signed on September 15, 2026, aims to combine Exide’s manufacturing capabilities with ExCom’s local market presence and technical expertise.
The collaboration will focus initially on traction batteries for motive power applications and stationary energy storage systems. Products under this arrangement will be marketed and sold under the ExCom brand in the region.
Strategic Scope
ExCom GmbH will serve as the central commercial and technical interface for customers within the EEA. Its responsibilities include leading customer development, distribution, technical project support, and after-sales coordination.
The partnership covers two primary segments:
- Traction and motive-power battery solutions for material-handling equipment, logistics operations, and industrial mobility applications.
- Stationary battery systems for industrial, infrastructure, and energy storage applications.
Operational Structure
The agreement establishes a close commercial and technical collaboration designed to deliver a comprehensive portfolio of solutions. This includes battery systems, charging technologies, system integration, application engineering, and lifecycle services.
Products will be tailored to meet specific technical, regulatory, and operational requirements of customers throughout the EEA. Exide contributes its extensive manufacturing scale and technology portfolio, while ExCom provides application engineering capabilities and local customer support infrastructure.
Executive Commentary
Avik Roy, Managing Director and Chief Executive Officer of Exide Industries, highlighted the strategic importance of the EEA market for the company’s industrial energy storage business. He noted that ExCom brings strong market access and proven local execution capabilities.
"By combining these strengths with Exide India's manufacturing scale, diversified product portfolio, and technological expertise, we aim to create long-term value for customers across the EEA," Roy said.
Holger Aschke, Managing Director of ExCom Energy Solutions GmbH, stated that the agreement establishes a strong platform for serving customers with competitive, application-specific energy solutions. Both companies intend to build a robust European platform for traction batteries while exploring next-generation industrial energy storage opportunities.
Future Outlook
Exide Industries and ExCom Energy Solutions expect to venture into advanced chemistry solutions in the future. The companies plan to build on their strategic cooperation and complementary capabilities in industrial energy storage beyond advanced lead-acid battery technologies.
Historical Stock Returns for Exide Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.12% | +3.56% | -8.38% | +44.37% | +4.07% | +136.30% |
How might this partnership impact Exide Industries' revenue mix and profitability margins in the European market over the next 3-5 years?
What specific regulatory or environmental hurdles could affect the deployment of stationary energy storage systems under the ExCom brand in the EEA?
Will Exide Industries consider establishing local manufacturing facilities in Europe to reduce logistics costs and carbon footprint, or will it rely entirely on imports from India?
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