UNIPOWER COMPLETES ACQUISITION OF Universal Voltronics Corp.
The addition of UVC improves the market position of UNIPOWER by expanding its high-voltage product offering with a series of standard products while also significantly expanding the company's high-voltage technical development capabilities going forward.
Plans are in place to integrate the Sales, Engineering and Manufacturing functions of UVC and its earlier acquisition, Technipower. Placing these businesses under one roof creates critical mass as well as realizing significant synergies. It is expected that full integration of the businesses will be concluded within the following few months. Technipower and UVC are located in close proximity in Connecticut, further facilitating the integration. The consolidation is expected to be seamless to customers and vendors alike.
Tom Kell, CEO of UNIPOWER commented, "Adding the products and technical abilities of UVC to the current capabilities of our Technipower business makes tremendous sense. This addition and combination results in the creation of a "real force" in the High-Voltage power arena."