News

Leading RV industry brand Winnebago Industries has announced it has reached a definitive agreement to acquire lithium-ion battery solutions provider Lithionics Battery. Winnebago says the addition of Lithionics will provide it with “enhanced technological and engineering capabilities to offer consumers more differentiated products with innovative electrical solutions, as well as bring strategic sourcing benefits and secure a critical area of its supply chain”.

Founded in 2010, Lithionics is a provider of advanced battery solutions that deliver “house power,” supporting internal electrical features and appliances for a variety of outdoor products including RVs, boats, specialty, and other low-speed vehicles, as well as other industrial applications. Lithionics’ innovation in house power solutions will continue to advance important outdoor recreation product features for consumers, including extending time off-the-grid, improving reliability, reducing noise, and generating fewer emissions. 

Winnebago Industries president and CEO, Michael Happe, said: “The addition of Lithionics enhances Winnebago Industries’ ability to develop unique and diverse battery solutions across our portfolio, advancing our overall electrical ecosystem, driving organic growth and supply chain security, reinforcing our technological competitive advantage, and allowing us to capitalize on consumer preferences for fully immersive, off-the-grid outdoor experiences.

 “Lithionics’ talented employees bring a unique familiarity with our business and the broader outdoor recreation space, as well as share a commitment to quality and safety that fits seamlessly with our culture of excellence. We see significant opportunity to expand the use of their efficient energy solutions within our own portfolio, to continue to grow relationships with other existing customers and to explore new market applications. Through these applications, we expect Lithionics will enhance Winnebago Industries’ margin profile over the near- and long-term and create value for our shareholders, employees, and consumers. We look forward to working with [Lithionics founder and CEO] Steve Tartaglia and his team to integrate their unique platform of electrical capabilities.”

The transaction is expected to close in Winnebago’s third fiscal quarter and will see Steve Tartaglia and the rest of the Lithionics management team continue to lead the business from its headquarters in Florida as a wholly owned subsidiary of Winnebago Industries.