Metis Partners presents a unique opportunity to acquire the intellectual property (“IP”) assets developed by pioneering Irish battery technology company, Xerotech Limited (“Xerotech).
Founded in 2015 and headquartered in Galway, Ireland, Xerotech developed advanced battery systems tailored for non-road mobile machinery (NRMM) and other off-highway applications.
Xerotech’s flagship product, the Hibernium battery platform, is a modular, scalable solution which includes a patented thermal management system that delivers enhanced safety and performance of battery packs.
Xerotech’s proprietary technology generated revenue of €8m in FY23, increasing to €10m in FY2024. More than 80% of FY24 revenue was generated from US customers, with sales also generated in UK, Europe and Canada.
Millions in revenue has already been generated servicing the mining and construction industries where safety is paramount, and prior to Liquidation, the FY25-26 order pipeline included marine and defense operators.
Opportunity Highlights
- Acquire award-winning modular battery technology, purpose-built for the electrification of NRMM and other off-highway applications, which has generated €millions in revenue from global customers across multiple sectors.
- Acquire the IP portfolio that underpins this proprietary thermal and safety systems and technology stack, including significant international filings comprising 46 granted patents and 37 patent applications across 6 patent families, in key commercial territories including US, UK, China, Australia and the EU. Xerotech’s patents have been cited by multinationals such as LG, Mercedes-Benz, Kia/Hyundai, BMW, Tesla, and Bosch.
- Secure a suite of high-quality manufacturing and testing equipment used in the production of advanced battery modules, including moulds, welding and inspection stations, and custom handling systems.
- Gain a foothold in the rapidly expanding EV battery market, projected to grow at a CAGR of 9.6% from 2025 to 2035, reaching a projected market value of $251bn[1].
- Re-engage with an existing customer pipeline in marine, defense and construction that typically commit to a customisation timeline of 12-24 months.
Sales Process
If you have any questions or if you are interested in finding out more about this opportunity, please contact David Hood at david.hood@metispartners.com or Stephen Robertson at stephen@metispartners.com, or by phone at +44 (0) 141 465 7920 or +1 858 848 6911.
Marketing Doc and Legal Notice
Speak to our team for a copy of our Marketing Doc and Legal Notice.
