South African businessman Mario Maio, through his company ACDC Dynamics Pty Ltd , has acquired Blue Nova Energy Pty Ltd from JSE-listed Reunert Limited. The deal, cleared by competition authorities with conditions, gives ACDC a stronger foothold in the lithium iron phosphate LiFePO battery storage market.
Blue Nova joins ACDC Dynamics
Blue Nova, previously jointly owned by Reunert and Solguard Pty Ltd, produces battery packs, inverters, low-voltage switchgear, and other components for energy storage systems. The company was already a supplier to ACDC and other distributors before the acquisition, making the transition a natural step for both businesses.