VARTA

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VARTA AG
ProductsElectrical batteries
Websitewww.varta-ag.com/de/
Ellwangen

VARTA AG (pronounced [ˈvaʁta]; German: Vertrieb, Aufladung, Reparatur transportabler Akkumulatorenlit.'distribution, recharging and repair of portable accumulators') is a German company manufacturing batteries for global automotive, industrial, and consumer markets.

History

VARTA was founded by Adolf Müller in 1887, and established in 1904 as a subsidiary of Accumulatoren-Fabrik AFA.[1] After World War I, VARTA together with AFA was acquired by German industrialist Günther Quandt and industrialist and VARTA CEO Dr. Carl Hermann Roderbourg.[2] After World War II, most of the VARTA shares passed from Günther Quandt to his son, Herbert Quandt. The subsidiary in East Berlin was later occupied by the Soviet Union, and was named BAE Batterien.

In 1977, VARTA AG's businesses were split up by Herbert Quandt; battery and plastics operations were retained in VARTA AG, but the pharmaceuticals and specialty chemical businesses were transferred to a new company called Altana, and the electrical business was spun off into a company called CEAG. Herbert Quandt left the company's shares to his children.[citation needed]

In 2002, the consumer battery activities (excluding

Rayovac. The automotive battery business was acquired by Johnson Controls. The button cell and home energy storage businesses were acquired by Montana Tech Components.[citation needed
]

By 2006, VARTA AG had sold all its operating divisions, and the Quandts had sold their shares. VARTA AG then liquidated its remaining assets, contracts, liabilities and shareholdings, in particular the manufacture and sale of VARTA batteries, while continuing its company businesses.[citation needed]

On 19 October 2017, 11,600,000 shares of the VARTA AG were floated on the stock market (

green shoe), out of a total of 38,200,000 shares. With an issue price of 17.50 euro the company had a value of 668.5 million euro.[3][4] On 2 January 2019, American company Energizer Holdings, Inc. took control over VARTA's consumer battery segment.[5][6] On 29 May 2019, VARTA AG signed an agreement to acquire the VARTA Consumer Batteries business for the Europe, Middle East and Africa regions (including the manufacturing and distribution facilities in Germany) from Energizer Holdings, which was completed on 2 January 2020.[7][8]

Products

  • Batteries and other products produced by Varta
  • Poliflex-Accumulator from Varta Microbattery
    Poliflex-Accumulator from Varta Microbattery
  • Rechargeable batteries from Varta
    Rechargeable batteries from Varta
  • Lithium-ion-accumulator
    Lithium-ion-accumulator
  • zinc–carbon battery: monocel with the design of the 1970s
    zinc–carbon battery: monocel with the design of the 1970s
  • Battery from Pertrix
    Battery from Pertrix
  • Varta Pertrix 74, 15-volt battery
    Varta Pertrix 74, 15-volt battery
  • Coin cells from Varta
    Coin cells
    from Varta
  • Varta combi charger with two Varta NiCd accumulators (2100 mAh, AA)
    Varta combi charger with two Varta NiCd accumulators (2100 mAh, AA)
  • LED-torch light produced by VARTA
    LED-torch light produced by VARTA
  • Varta solar charger model 57082 with two 2100 mAh Ni–MH rechargeable batteries
    Varta solar charger model 57082 with two 2100 mAh Ni–MH rechargeable batteries

References

  1. ^ "VARTA History". VARTA.
  2. ^ "VARTA Founder Villa Roderbourg history". Villa Roderbourg.
  3. ^ "Varta AG − Angaben zum Unternehmen". Frankfurt Stock Exchange. 20 October 2017. Archived from the original on 21 October 2017.)
  4. ^ VARTA AG beendet Angebotszeitraum vorzeitig und legt Emissionspreis bei 17,50 Euro je Aktie fest, Presse release Varta AG at dgap.de, 18 October 2017 (written in German language)
  5. ^ Manager-Magazin.de: Energizer übernimmt Varta-Batterien
  6. ^ "Energizer Holdings, Inc. Announces the Closing of the Spectrum Brands' Battery and Portable Lighting Business Acquisition". 2 January 2019. Retrieved 1 February 2022.
  7. ^ "VARTA AG acquires VARTA Consumer Batteries business from Energizer". 29 May 2019. Retrieved 1 February 2022.
  8. ^ "VARTA AG successfully completes acquisition of VARTA Consumer Batteries business from Energizer". 2 January 2020. Retrieved 1 February 2022.

External links

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