BURNABY, BC --- Delta-Q Technologies (Delta-Q) announces that ZAPI has acquired all outstanding shares of Delta-Q, including those held by investor Tandem Expansion Fund. The transaction closed on November 30th, 2016. After the acquisition, the group will employ over 1,200 people in its main facilities worldwide with a total revenue of more than 400 million US dollars.
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. Today, ZAPI is the recognized leader in advanced controller technology and electric power train systems throughout the world.
Mooreland Partners acted as financial advisor, and Stikeman Elliott LLP along with Blake, Cassels & Graydon LLP acted as legal counsel, to Delta-Q. Freshfields Bruckhaus Deringer LLP along with Lawson Lundell LLP acted as legal counsel for ZAPI.
For more information on the Delta-Q's battery chargers, visit http://www.delta-q.com