East Penn Manufacturing acquires majority stake in Navitas Systems
East Penn Manufacturing Co. acquired a majority stake in Navitas Systems, a forklift battery maker. Terms were not disclosed. Navitas will continue to operate from Ann Arbor, Michigan.
Productslithium forklift batteriesmotive power batteries
“East Penn Manufacturing Co. has acquired a majority stake in Navitas Systems, bringing together two forklift battery makers in a move designed to accelerate East Penn's expansion of its motive power battery offering.”dcvelocity.com
- 3 sources
- dcvelocity.comEast Penn acquires majority share of Navitas Systems | 2019-08-15 | DC VelocityDC Velocity StaffAug 15, 2019
- eastpennmanufacturing.comEast Penn Expands Innovation Investment by Acquiring Majority Share of Navitas Systems - East Penn ManufacturingKurstin SchwoyerAug 15, 2019
- prweb.comEast Penn Expands Innovation Investment by Acquiring Majority Share of Navitas SystemsEast Penn Manufacturing Co., Inc.Aug 16, 2019
Summarized from public sources; check the original articles before acting on it.
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