Leclanché SA Secures Key Partnership with Pinnacle International Capital

Leclanché SA has announced a significant partnership with Pinnacle International Capital to secure expansion funding. This agreement will see Pinnacle invest up to CHF 360 million, pending due diligence and an engineering review. The funds will support Leclanché’s business plan for the next five years, including the creation of two 2 GWh facilities in Europe and the Middle East.

The partnership involves the establishment of a 50-50 joint venture. Pinnacle may eventually acquire up to 70% of Leclanché through an option arrangement with SEF-LUX, Leclanché's majority shareholder. This move is designed to enhance global production capacities and address regional battery markets' demand.

Pierre Blanc, CEO of Leclanché, highlighted this partnership as a pivotal step, facilitating an increase in production capabilities and better customer service. Pinnacle's support will help Leclanché expand its footprint and achieve profitability scales in Europe and the Middle East.