AMTE Power, which has its manufacturing plant in Thurso, went bust in December with 40 jobs at risk and in an apparent blow to the UK’s net zero industry.
Directors filed a notice of intention to appoint administrators, with FRP advisory launching a process to find a buyer.
It has now been confirmed that administrators have completed the sale of the business and assets to Dutch battery technology firm LionVolt.
READ MORE: Major Scottish battery factory could be saved but dozens of jobs at risk
The transaction with LionVolt enables the battery production facility at Thurso to be repurposed for producing LionVolt’s innovative batteries and includes the transfer of 20 jobs based in Thurso. However, the remaining 15 staff in England have been made redundant.
Richard Bloomfield, director at FRP, said: “The acquisition by LionVolt presented the best opportunity to secure jobs and fulfil our statutory duties to creditors. The transaction follows an exhaustive sales process and search for new investment. Critically, it preserves a large number of jobs and provides a continuation of battery cell manufacturing in Scotland. We wish the team at LionVolt all the best for the future.
“We are working with the impacted staff at the AMTE Power site in Milton and will support them in their claims to the Redundancy Payments Service.”
