TPS Reports

…to Sager Electronics now. Take that, Bill Lumbergh.

Sager Electronics, the Middleborough, Massachusetts distributor of electromechanical and power components, is set to acquire Technical Power Systems (TPS), a specialist in the production of custom battery assemblies headquartered in the Chicago suburb of Lisle, Illinois. Sager announced the acquisition in a June 27 press release.

Although not historically acquisitive, Sager has now made three acquisitions since 2014. In June 2014, the company added PowerGate LLC, a North American power specialist distributor. 2015 brought Norvell Electronics, Inc.—a Carrollton, Texas company—into the fold. Sager has since looked to stake out its ground in the power sector, forming the specialized Sager Power Systems within the organization, located in Carrollton.

“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,” said Sager Electronics president, Frank Flynn. “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.”

TPS offers solutions for multiple kinds of lithium chargers (ion, polymer, primary) as well as Li iron phosphate, nickel cadmium, nickel metal hydride, lead acid (AGM), and pure lead products. TPS also offers standard and custom-designed power supplies and chargers.

Lithium-ion batteries are expected to be the highest-growth opportunity in the battery market through 2024, driven by applications including electric vehicles, plug-in electric vehicles, storage and automobiles thus. Lithium-ion is expect to gain a majority share of the global battery market by 2024.

The market for lithium-ion battery is expected to grow at a CAGR of approximately 22 percent through 2024, according to Mordor Intelligence. The automobile industry dominated the market in 2018.

A merger with two companies showing and proving the electromechanical industry is still thriving? That’d be grrrreeeaaaaaat.

 

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