June 7, 2018: Exide Technologies has bought Aker Wade Power Technologies, the designer and manufacturer of advanced charging systems for industrial forklifts, the company announced on May 21.
“The purchase will cement Exide’s position in the motive power segment of the industry,” said an industry observer. The move ties up with the launch of LiFTFORCE LPX lithium battery in April that can fast charge in just 15 minutes. Read here.
Vic Koelsch, CEO of the firm, said the purchase would mean Exide could now offer a complete energy storage, fast charging, battery modelling and monitoring system for forklifts, “delivering operational efficiencies and increasing profitability for our customers.
“Aker Wade has built a solid reputation as the experts for opportunity and fast charger systems in the material handling industry over the past two decades,” said Koelsch.
Aker Wade, which was founded in 2000 and is based in Charlottesville, Virginia, will become Exide’s GNB Industrial Power global centre for research and development in charging technology.
GNB Industrial Power is Exide’s motive power arm.
Aker Wade managing director Bret Aker said the company was a natural fit with Exide.
“Throughout our history we have invested heavily in power electronics technology while integrating sophisticated data analytics into our monitoring and system design software,” he said.
“We look forward to combining these technologies with Exide’s renewed portfolio of motive power batteries to provide Exide’s GNB Industrial Power customers with customized motive power solutions and the tools to manage them.”