Maxwell Technologies successfully completed acquisition of all assets and business, including the operating entities, of Nesscap Energy, Inc. In addition to small cell format ultracapacitor products and technologies, the Nesscap business includes research, development and manufacturing of energy storage and power delivery solutions with operations in Korea, Germany, and China.
The key benefits of the transaction include expanded and solidified opportunities in the Wind, Automotive, and Industrial Markets that are expected to accelerate top-line growth, diversify revenue, accelerate innovation, and reduce product time to market with an expanded portfolio, improved cost competitiveness through manufacturing efficiencies, and financials that are expected to be immediately accretive to Maxwell's non-GAAP earnings per share and contribute positive adjusted EBITDA in 2017.
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