Saft Batteries
World leader in high technology batteries.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
€950m Valuation: €950m 1.3x EV/Revenue | Acquisition | ||
| Total Funding | 000k | ||
| EUR | 2015 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Company filings or news article
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Saft Batteries, a name synonymous with innovation in the energy storage industry, traces its roots back to 1913 when it was founded by Victor Herold. Over the decades, Saft has established itself as a leader in the design and manufacture of high-tech batteries for industrial applications. The company has been at the forefront of developing batteries that power everything from transportation to telecommunications.
In 1924, Saft went public, marking its first major milestone. This move allowed the company to expand its research and development capabilities, leading to breakthroughs in battery technology. Saft's commitment to innovation has been a constant throughout its history, enabling it to adapt to the evolving demands of the energy market.
In 2016, Saft experienced a significant turning point when it was acquired by TotalEnergies, a global energy giant, for $1.1 billion. This acquisition was a strategic move by TotalEnergies to enhance its renewable energy portfolio and strengthen its position in the battery market. For Saft, joining forces with TotalEnergies provided the resources and global reach needed to accelerate its growth and innovation efforts.
Today, Saft continues to be a key player in the energy storage industry, leveraging its century-long expertise to develop sustainable and efficient battery solutions. The company's journey from its founding by Victor Herold to its acquisition by TotalEnergies exemplifies its resilience and adaptability in a rapidly changing world.
