Announced
Completed
Financials
Sources
Tags
Electrical Components
United States
power electronics
power electronics components
Majority
Acquisition
Completed
Friendly
Single Bidder
Domestic
Private
Private Equity
Synopsis
Sun Capital Partners-backed Unico, a provider of drive and control systems for testing electric vehicle propulsion systems, completed the acquisition of Present Power Systems, designer of ultra-compact power electronics. Financial terms were not disclosed. “The acquisition of Present Power Systems fortifies Unico’s commitment to revolutionize the battery test and EV charging landscape. We are excited to integrate PPS’s groundbreaking technologies into our portfolio, enabling us to deliver innovative and sustainable solutions to meet the evolving demands of the electric vehicle market,” Steve Bright, Unico, CEO.
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