Renault buys power specialist

February 07, 2017 // By Christoph Hammerschmidt
Groupe Renault has bought French company Power Vehicle Innovation (PVI), an expert in the design and conversion of light commercial vehicles from conventional to electric powertrains or natural gas. With the move, Renault intends to accelerate the growth of its Light Commercial Vehicle business. 

The assets of PVI complement those of Renault. PVI’s expertise and small-scale, flexible production facility will benefit Renault, while Renault will provide economies of scale for the purchasing of components as well as a significant technology portfolio.

“We are very pleased to welcome PVI’s team specializing in electric conversions to Groupe Renault,” says Ashwani Gupta, SVP, LCV Division. “This acquisition is part of the Group’s strategy to develop its business by proposing a complete range of electric LCVs coupled with connected services. As the number one European manufacturer of electric LCVs, this is a unique opportunity for our teams to work on the next generation of this type of car. Together we will continue to innovate to ensure increasing proximity with our business customers while addressing their every need.”

PVI has previously worked with Groupe Renault on the development and electrification of the upcoming Renault Master Z.E. This large van, which was unveiled at the Brussels Motor Show on January 13, 2017 and which is due to be launched before the end of 2017, will extend Renault’s existing range of electric LCVs. Renault’s catalogue of electric light commercial vehicles currently features four products.

The acquisition also includes Escal, a subsidiary in which PVI has a 95 percent stake. Escal specializes in the distribution, installation and maintenance of security systems for lifting vehicles. Escal itself manages PVI's service, maintenance and mechanical integration activities. Both PVI and Escal, with a combined workforce of 93 employees, are attached to the Groupe Renault’s LCV Division.