Delta-Q Technologies acquired by Italy-based ZAPI
ZAPI S.p.A., an Italy-based manufacturer of electronic speed controllers, electric motors, battery chargers and associated products for electric and hybrid vehicles, has acquired all outstanding shares of Delta-Q Technologies Inc., Burnaby BC, supplier of battery charging solutions for electric vehicles and industrial machines.
“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.”
After the acquisition, the group will employ more than 1,200 people in its main facilities worldwide with a total revenue of more than USD$400M.
ZAPI Group will be able to accelerate its market and geographic expansion
“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 footprint.”
ZAPI is one of the main manufacturers of electronic speed controllers for application in electric and hybrid vehicles. ZAPI, founded in 1975, has focused its activity on development, innovation, design and manufacturing of a wide range of high quality low and high voltage electronic controllers and associated products, such as electric motors, battery chargers and electric power steering solutions.