C&D Technologies Announces Divestiture Of Integrated Power Systems To Unipower, LLC
The company has also formed a strategic alliance with Unipower.
C&D Technologies, Inc. has announced it has completed the divestiture of its Dunlap, Tennessee based Integrated Power Systems business to Unipower, LLC of Coral Gables, FL. C&D and Unipower have also entered into a strategic supply agreement for C&D batteries and Unipower electronics.
Integrated Powers Systems (IPS) provides DC power systems and products for the utilities and telecommunications markets worldwide. IPS products will continue to be available through the existing C&D sales channels.
Christian Rheault, president and CEO of C&D said “the combination of these two outstanding, complementary businesses is a big win for Unipower as well as the long term interests of the IPS customer base. C&D is fully committed to supporting the smooth integration of IPS into Unipower with no disruption to IPS customers. This transaction will also allow C&D to focus on its core battery business.”