Delta-Q Technologies acquired by ZAPI S.p.A.
Burnaby BC-based Delta-Q Technologies, a leader in battery charging solutions for electric vehicles and industrial machines, has been acquired by ZAPI S.p.A., an Italian based manufacturer of electronic speed controllers, electric motors, battery chargers and associated products for electric and hybrid vehicles.
“The acquisition of Delta-Q is a strong strategic fit for ZAPI Group, and will provide additional solutions that the combined customer base will benefit from”, says Giannino Zanichelli, president of ZAPI Group. “We are impressed with Delta-Q’s revenue growth, brand strength and people. We look forward to supporting the Delta-Q management team and employees as they continue to execute their growth plans under the Delta-Q brand.”
After the acquisition, the group will employ over 1,200 people in its main facilities worldwide with a total revenue of more than USD$400-million.
“As a part of the ZAPI Group, we will be able to accelerate our market and geographic expansion” adds Ken Fielding, Delta-Q’s co-founder and CEO. “The capabilities of ZAPI allow us to strengthen the support and service we provide to our customers and partners. We are excited about where we can go next, building on the exceptional capabilities of our team, our strong core values and further leveraging the Delta-Q brand which is well recognized in our markets. As part of the ZAPI Group we look forward to continuing to drive our growth forward, leveraging their capabilities, complementary technologies and global foot-print.”