# 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.

- Type: Acquisition
- Announced: 2019-08-14
- Where: Ann Arbor, Michigan, United States
- Status: completed
- Products: lithium forklift batteries, motive power batteries
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Navitas Systems](https://endata.com/companies/32877.md) (target)
- [East Penn Manufacturing](https://endata.com/companies/35474.md) (acquirer)

## Sources

- [dcvelocity.com](https://www.dcvelocity.com/articles/30950-east-penn-acquires-majority-share-of-navitas-systems), 2019-08-15: "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."
- [eastpennmanufacturing.com](https://www.eastpennmanufacturing.com/east-penn-expands-innovation-investment-by-acquiring-majority-share-of-navitas-systems/), 2019-08-15: "We are happy to be joining in partnership with such a strong, well-established company."
- [prweb.com](https://www.prweb.com/releases/East_Penn_Expands_Innovation_Investment_by_Acquiring_Majority_Share_of_Navitas_Systems/prweb16510156.htm), 2019-08-16: "East Penn and Navitas share corporate values of quality, research and development, and ethical integrity."

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