Micro Power Electronics will acquire SelfCHARGE, a provider of battery chargers, docking stations and battery packs. The closing of the transaction is still subject to several conditions, including final shareholder approval. The financial terms of the deal were not disclosed.
“We have always had great respect for Micro Power, its technology and quality leadership with its custom battery packs,” said Loren Lyon, President and CEO of SelfCHARGE. “Our rapid time to market and superior charger technology coupled with Micro Power’s established position in the portable power market will combine two of the fastest growing companies in the Pacific Northwest into a dominant force in this industry.”