Pioneer Power Solutions Inc. (Nasdaq: PPSI) announced that its Pioneer CEP subsidiary acquired substantially all of the assets of Pacific Power Systems Integration Inc. Financial terms of the deal were not disclosed.
Pacific specializes in manufacturing custom electrical power distribution and control equipment. Pioneer manufactures, sells and services electrical transmission, distribution and on-site power generation equipment. The deal enhances Pioneer CEP’s technical qualifications with more advanced classifications of switchgear, and provides access to larger, long-cycle project opportunities. Pacific’s facility is expected to be closed and consolidated into Pioneer CEP’s facility in California by December.