In order to focus on the global transportation market, battery management specialist Midtronics has sold its Stationary Power Division (SPD) to Franklin Electric. The SPD will be combined with Franklin Electric’s Electric Grid Solutions division and will provide the same contact information for product service and support.
“The divestiture of the Stationary Power Division enables us to focus on strategic innovation and solutions development in the rapidly changing transportation marketplace. Going forward, we will devote our resources to grow our business in electric and hybrid vehicles, connectivity, data analytics, and autonomous vehicles, as well as new battery technologies and applications,” says Midtronics President and CEO Steve McShane.
Source: Midtronics via Green Car Congress
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