Sager Electronics to Acquire Technical Power Systems
June 28, 2019
Sager Electronics, a leading North American distributor of Interconnect, Power and Electromechanical components and provider of value-add solutions, today announced it has entered into a purchase agre
MIDDLEBOROUGH, Mass. – June 24, 2019 – Sager Electronics, a leading North American distributor of Interconnect, Power and Electromechanical components and provider of value-add solutions, today announced it has entered into a purchase agreement to acquire Technical Power Systems (TPS), a specialist in the production of custom battery assemblies headquartered in Lisle, Illinois.
Sager Electronics President Frank Flynn, stated, “Sager, through our specialized group Sager Power Systems, offers both off-the-shelf and customized value-add AC power and on-board DC power solutions. Batteries and custom battery packs are a natural extension of our power offering, supporting our customers’ growing requirements for portable power. As a recognized specialist in custom battery assembly and battery pack design, Technical Power Systems bolsters our value as a technical specialist to our customers.”
“TPS places significant value on quality, service, and support. Respect for our long-term employees and customers are paramount to our operation,” explained Joe Giovanatto, President and Founder of Technical Power Systems. “My partners and I are thrilled to become part of an organization that shares our value system. It’s an exciting opportunity to join forces with an industry leading distributor committed to selling power solutions with the goal of pursuing the top power distribution and value add position in the market.