C&D Technologies Announces Divestiture of Integrated Power Systems and Strategic Alliance with Unipower
Blue Bell, PA – December 19, 2014 - C&D Technologies, Inc. today announced it has completed the divestiture of its Dunlap, Tennessee based Integrated Power Systems business to Unipower, LLC of Coral Gables, Florida. C&D and Unipower have also entered into a strategic supply agreement for C&D batteries and Unipower electronics.
Integrated Powers Systems (IPS) provides DC power systems and products for the utilities and telecommunications markets worldwide. IPS products will continue to be available through the existing C&D sales channels.
Christian Rheault, President and CEO of C&D said “the combination of these two outstanding, complementary businesses is a big win for Unipower as well as the long term interests of the IPS customer base. C&D is fully committed to supporting the smooth integration of IPS into Unipower with no disruption to IPS customers. This transaction will also allow C&D to focus on its core battery business.”
C&D Technologies, Inc. is a global leader in solutions and services for the switchgear and control (Utility), telecommunications, and uninterruptible power supply (UPS) applications. C&D Technologies’ engineers, manufactures, sells and services fully integrated reserve power systems for regulating and monitoring power flow and providing backup power in the event of primary power loss until the primary source can be restored. C&D Technologies' unique ability to offer complete systems, designed and produced to high technical standards, sets it apart from its competition. C&D Technologies is headquartered in Blue Bell, PA. For more information about C&D Technologies, visit www.cdtechno.com.