In a strategic move to enhance its position in the electric vehicle (EV) industry, Unico, a pioneering provider of innovative EV test solutions, has successfully acquired Present Power Systems (PPS), a renowned innovator specializing in ultra-compact power electronics design.
The acquisition underscores Unico’s dedication to expanding its market footprint by not only diversifying its existing product portfolio in the standard EV testing sector but also by introducing novel products in the battery testing and EV charging domains. Through this strategic union, Unico is set to integrate PPS’ comprehensive lineup of cutting-edge solutions for battery cell, module, and pack testing, along with their advanced EV charging technologies. These technologies encompass home chargers, DC fast charging stations, On-Board Chargers (OBC), DC-to-DC converters, and inductive wireless charging solutions.
Steve Bright, CEO of Unico, expressed his enthusiasm about the acquisition, stating, “The acquisition of Present Power Systems fortifies Unico’s commitment to revolutionize the battery test and EV charging landscape. We are excited to integrate PPS’s groundbreaking technologies into our portfolio, enabling us to deliver innovative and sustainable solutions to meet the evolving demands of the electric vehicle market.”
Key Highlights of the Acquisition:
- Seamless Transition of PPS Employees: All Present Power Systems employees, including CEO Jason Katcha, will seamlessly transition to Unico, ensuring uninterrupted operations and fostering innovation within the integrated team.
- Preservation of Milwaukee Headquarters: Present Power Systems’ Milwaukee headquarters will remain operational, serving as a remote product development hub for Unico’s expanding research and development endeavors.
- Access to Cutting-Edge Technology Suite: Unico gains access to Present Power Systems’ cutting-edge technology suite, positioning itself as a leader in flexible and scalable battery testing solutions, EV fast charging, power-dense onboard charging, and revolutionary inductive charging technologies. This move enables Unico to cater to an expanding customer base and deliver comprehensive in-house solutions.
- Industrialization of Technologies: Leveraging Present Power Systems’ rapid prototyping and advanced technology capabilities, Unico plans to industrialize and advance these technologies to pilot and pre-series stages, facilitating widespread adoption in the market.
- Jason Katcha, President of Present Power Systems, expressed excitement about the collaboration, stating, “We are thrilled to join forces with Unico, expanding the horizons for our technology. The opportunity to merge our expertise with Unico’s resources fuels our excitement to propel innovation in the EV and renewable energy sectors forward.”
By integrating Present Power Systems’ technology and customer roster with its own, Unico aims to provide customers with a more comprehensive range of offerings in-house. This strategic alignment is expected to streamline operations and foster a more efficient customer experience for both Unico and PPS customers.
