Clarios confirms 'confidential' filing for IPO in US

by John Shepherd
Advanced lead and lithium-ion batteries manufacturer, Clarios, has confirmed it has "confidentially submitted” documentation to the U.S. Securities and Exchange Commission for an initial public offering.

US-based Clarios said the IPO is expected to start after the Commission completes its review process, subject to market and other conditions.

The company did not disclose other details about the proposed offering or outline a possible timeline for the IPO.

Investment partners

Clarios, formerly known as Johnson Controls Power Solutions, was acquired by US and Canadian investment firms Brookfield Business Partners and Caisse de dépôt et placement du Québec (CDPQ) in 2018 and relaunched as Clarios in 2019.

Clarios’ EMEA industry and government relations vice-president, Dr Christian Rosenkranz, is the current chairman of the Consortium for Battery Innovation (CBI).

In his inaugural CBI address, Rosenkranz urged governments to support expanded research into advanced battery technologies, ahead of the COP26 UN climate summit in Scotland later this year.

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