# Exide Technologies acquires Aker Wade Power Technologies

Exide Technologies acquired Aker Wade Power Technologies, a designer and manufacturer of advanced charging systems for industrial forklifts. Aker Wade's R&D and light manufacturing facility in Charlottesville, VA will become Exide's global center of excellence for charger R&D.

- Type: Acquisition
- Announced: 2018-05-21
- Where: Charlottesville, Virginia, United States
- Status: completed
- Products: advanced charging systems for industrial forklifts
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Exide Technologies](https://endata.com/companies/27546.md) (acquirer)
- [Aker Wade Power Technologies](https://endata.com/companies/31972.md) (target)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/exide-expands-motive-power-offering-with-acquisition-of-aker-wade-power-technologies-300652109.html), 2018-05-21: "The acquisition of Aker Wade will enable us to provide complete energy storage, opportunity and fast charging and battery modeling /monitoring solutions to customers with high demand, multi-shift operations."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.