A123Systems Acquires Hymotion

A123Systems of Watertown, Massachusetts, has completed the acquisition of Hymotion Inc., a leading fabricator of aftermarket plug-in hybrid modules. These battery range extender modules (BREMs) can be easily installed in the spare tire well of most hybrid vehicles, enabling current production models to become plug-in hybrid electric vehicles (PHEVs) capable of achieving 100 or more miles per gallon.

Acquisition of the Concord, Ontario, Canada-based Hymotion provides A123Systems access to critical early IP on plug-in hybrid systems technology as well as valuable experience with engineering BREMs using A123Systems’ automotive class lithium-ion batteries.