Briggs & Stratton completed the acquisition of a minority stake in Accelerated Systems.

Briggs & Stratton, an American Fortune 1000 manufacturer of gasoline engines with headquarters in Wauwatosa, Wisconsin, completed the acquisition of a minority stake in Accelerated Systems, which develops complete traction and control systems for vehicles. Financial terms were not disclosed. "This is an important technology investment for Briggs & Stratton as we continue to expand our capabilities as a power application company. This acquisition provides meaningful capabilities that will significantly accelerate our electrification strategy," Steve Andrews, Briggs & Stratton President and CEO.