Unico, a provider of EV test solutions, completed the acquisition of Present Power Systems (PPS), an innovator in designing ultra-compact power electronics. Unico said this acquisition reinforces its commitment to broadening its market presence by expanding its current product portfolio in the standard electric vehicle (EV) testing market and adding new products in the battery testing and EV charging space. Through the acquisition, Unico will adopt Present Power Systems’ portfolio of solutions for battery cell, module and pack testing, as well as their EV charging technologies, including home chargers and DC fast charging stations, On-Board Chargers (OBC), DC-to-DC converters and inductive wireless charging solutions.
Highlights of the acquisition:
- All Present Power Systems employees, including CEO Jason Katcha, will transition to Unico;
- Present Power Systems’ Milwaukee headquarters will remain, serving as a remote product development hub for Unico’s expanding R&D endeavors;
- Unico gains access to Present Power Systems’ technology suite, including new, flexible and scalable battery testing solutions and EV fast charging, power-dense onboard charging and inductive charging technologies;
- Leveraging Present Power Systems’ rapid prototyping and advanced technology capabilities, Unico said it plans to industrialize and advance these technologies to pilot and pre-series stages, enabling widespread adoption in the market.
By integrating Present Power Systems’ technology and customer roster with Unico’s portfolio, Unico said it can provide its customers with a broader range of offerings in-house, streamlining operations and fostering a more efficient customer experience for both Unico and PPS customers.
