Volvo Penta – main stake in Norwegian marine battery firm: Volvo Penta has reported it has achieved a majority stake in ZEM, a Norwegian supplier of marine battery systems & thorough electric drivelines.
ZEM has provided battery resolutions for various different applications up to now, counting ferries, offshore supply vessels, high-speed passenger ships & lifeboats.
Volvo Penta will assist the company’s growth by way of its conventional network while ZEM’s experience will support the former company advance its development projects, extending its range & abilities in marine electromobility.
Volvo Penta has determined its ambition to attain net zero emissions by way of fossil-free, renewable fuels, electric as well as hybrid technologies, while proceeding to supply efficient solutions to the marine industry.
Heléne Mellquist, President of Volvo Penta stated: “Volvo Penta’s vision is to become a leader in sustainable power solutions, where we are driving transformation on land and at sea towards a more sustainable society.
“With this acquisition, we are now able to offer driveline solutions for marine customers through ZEM and also contribute to the broader marine electromobility footprint through battery supply. It is a step forward in our transformation and will also allow Volvo Penta to capture new opportunities.”
Volvo Penta – main stake in Norwegian marine battery firm