Tropical Battery’s subs to drive 2025 growth

Tropical Battery Company Limited said it is expecting its recently acquired US-based Rose Batteries subsidiary will be the main driver for its growth during 2025, adding that it will focus on growing the company’s market share globally before targeting another acquisition in 2026 of “one of our competitors.” Rose Batteries, a San Jose, California-based producer of hi-tech battery packs and chargers, was acquired in January 2024 for about US$20 million. The company produces battery solutions for a number of industries including telecommunications, robotics, medical devices, and smart grids from two facilities, one in the US and the other in Mexico. A release from the company said it serves 200 customers in 30 countries across the Caribbean, Africa, the Middle East, Oceania, Asia, Europe, South America, and North America.
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https://www.jamaicaobserver.com/2024/12/04/tropical-batterys-subs-drive-...