Sun Capital Partners-backed Unico completed the acquisition of Present Power Systems.

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.