Gelion to acquire OXLiD for £4.2m to revolutionize LiS battery market
Gelion (AIM: GELN), a leading Anglo-Australian battery innovator, has conditionally agreed to acquire the entire issued share capital of UK-based lithium-sulfur (LiS) battery technology developer, OXLiD, for an aggregate consideration of up to approximately £4.2 million. This move marks a significant step in Gelion’s strategy to expand its reach in the electric aviation (including drones […]