In a move to fortify its position as a key player in the electric vehicle (EV) industry, Unico has finalized the acquisition of Present Power Systems (PPS), a renowned innovator specializing in ultra-compact power electronics design. This strategic acquisition signifies Unico’s commitment to expanding its foothold in the EV testing market while also venturing into new territories such as battery testing and EV charging solutions.
With the integration of Present Power Systems into its fold, Unico gains access to a diverse array of cutting-edge technologies tailored for battery cell, module, and pack testing, as well as EV charging infrastructure including home chargers, and 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 include:
- All employees of Present Power Systems, including CEO Jason Katcha, will seamlessly transition to Unico, ensuring continuity of operations and fostering innovation within the integrated team.
- Present Power Systems’ headquarters in Milwaukee will remain operational, serving as a remote product development hub for Unico’s expanding research and development initiatives.
- Unico gains access to Present Power Systems’ advanced technology suite, positioning itself as a leader in battery testing solutions and EV fast charging technology, among other areas.
- Leveraging Present Power Systems’ expertise, Unico plans to advance these technologies to pilot and pre-series stages, paving the way for widespread adoption in the market.
Jason Katcha, president of Present Power Systems, expressed his 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 base into its portfolio, Unico aims to streamline operations and provide customers with a comprehensive range of offerings, thereby enhancing the overall customer experience.
