NEC to buy A123 battery systems unit from China's Wanxiang
TOKYO, March 24
TOKYO, March 24 (Reuters) - Japanese system integrator NEC Corp said on Monday it would buy A123 Systems' battery systems integration business from China's Wanxiang Group for about $100 million.
NEC said it was aiming to strengthen its battery storage systems business through its purchase of the unit, A123 Energy Solutions.
Wanxiang bought U.S.-based A123 Systems last year following a bankruptcy auction. (Reporting by Kaori Kaneko; Editing by Edmund Klamann)