Swiss energy storage company Leclanché SA has strengthened its capital structure with a major CHF 40.06 million debt-to-equity conversion, reinforcing its financial position as it scales its battery solutions for marine, rail, and stationary storage sectors.
The newly issued shares will be drawn from the company’s conditional capital pool, with associated interest also included in the conversion. Leclanché said the move enhances financial flexibility and supports long-term strategic growth plans.
The conversion underscores the “steadfast and unwavering commitment” of Leclanché’s majority shareholder, the company said.
“This additional debt-to-equity conversion is a critical step in strengthening our balance sheet and improving the company’s financial resilience,” said Pierre Blanc, CEO of Leclanché SA. “We sincerely appreciate our majority shareholder’s continued support.”
A Global Player in Low-Carbon Battery Technology
Founded in 1909, Leclanché is one of the world’s longest-standing energy storage companies and a leading provider of lithium-ion solutions for heavy-duty applications, particularly in marine electrification, rail transport, and stationary energy storage.
The Switzerland-headquartered company operates production facilities in Germany and maintains offices in eight countries, employing more than 350 people. Leclanché is listed on the SIX Swiss Exchange under the ticker LECN.
Forward-Looking Outlook
The company cautioned that forward-looking statements in the announcement involve risks and uncertainties, including market conditions, product adoption, and financial performance.
