ZAPI completed the acquisition of UBIQUICOM.

ZAPI, an electrification company, completed the acquisition of UBIQUICOM, a real-time locating systems developer for manufacturing, transportation and logistics processes. Financial terms were not disclosed. "The acquisition of UBIQUICOM is an exciting milestone as ZAPI GROUP continues to diversify its portfolio and grow its capabilities to serve the global AGV and material handling sectors. This strategic development enables the company to broaden the spectrum of value-add solutions and integrated systems available to our OEM customers," Giannino Zanichelli, ZAPI Founder and Owner.