Longship to acquire Westcon Power & Automation.

Longship, a private equity firm, agreed to acquire Westcon Power & Automation, a system provider of hybrid- and fully electric propulsion systems and automation solutions. Financial terms were not disclosed. “Throughout the transaction process we have thoroughly gotten to know Longship and their model for active ownership, and we are excited to embark on the next chapter of WPA together with them. We envision to establish WPA as a global provider of hybrid and electric power and automation solutions, and to continue delivering high quality products paving the way for a more sustainable maritime industry," Gunvald Mortvedt, Westcon Power & Automation CEO.