Firstly, we will of course follow with the greatest interest all the operations of the group concerning the management of its assets and subsidiaries. This may involve divestments, partnerships or asset acquisitions, depending on the strategy in place.
Varta was founded on 27 December 1887 because of the strong market potential for electric accumulators. A year later, in 1988, the group began manufacturing lead-acid batteries designed by Henri Owen Tudor, an engineer from Luxembourg. In 1890, the company joined forces with Siemens and AEG, two of its competitors, with the support of Deutsche Bank, to create AFA or Accumulatoren-Fabrik Aktiengesellschaft