Palladium Energy acquires MicroSun Technologies
11/20/2012 10:28 AM EST
MANHASSET, N.Y. -- Palladium Energy, a manufacturer of custom lithium-based battery packs and power supplies, has completed the acquisition of MicroSun Technologies, an provider of customized power solutions.
By joining forces with MicroSun, Palladium is now the largest independent battery pack integrator in the Americas and Europe with a six-country global footprint, world-class design and manufacturing, as well as rapid prototype and response capabilities.
Terms of the acquisition were not disclosed.
Alan ElShafei, MicroSun’s founder and chief executive officer, is now a Palladium shareholder and will be added to the company’s board of directors.
In addition, MicroSun’s president and chief operating officer, John Gatti, is taking the helm as president and chief executive officer of Palladium, effective immediately.
Palladium's former president and chief executive officer, Art Salyer, will take on the role of chief advisor with the company to help support the business through the transition.
Together, these companies will design, manufacture and distribute battery packs for consumer electronics, medical devices, military devices and more for some of the world’s largest original equipment manufacturers.