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Freudenberg secures majority interest in Li-ion battery maker XALT Energy; full acquisition coming

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In March 2018, Freudenberg announced it had acquired a 31% ownership stake in XALT Energy through a multi-million dollar investment in its operations. In 2018, Freudenberg agreed to work with a leading provider of electrical power distribution and automation for the marine industry to explore battery solutions for its applications. (GM),

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