Mooreland Brings Transatlantic Deal Skills to the Industrial Technologies and Electronics Sector
New York – December 12, 2016 – Mooreland Partners, a leading independent investment bank providing M&A and private capital advisory services to the global technology industry, today announced that it acted as the exclusive financial advisor to Delta-Q Technologies (“Delta-Q”) in its sale to Zapi S.p.A. (“ZAPI”). The acquisition of Delta-Q further strengthens Mooreland Partners’ role as a leading global M&A advisor on cross-border and strategic transactions in Industrial Technologies and Electronics, and in the growing Smart Mobility sector.
Delta-Q Technologies, founded in 1999, is a leading provider of battery charging solutions that improve the performance and reliability of electric drive vehicles and industrial equipment. The company has become the supplier of choice to many of the world’s leading manufacturers of electric golf cars, lift trucks, aerial work platforms, motorcycles and scooters, floor care machines, and utility and recreational vehicles. Delta-Q is headquartered in Burnaby, Canada with a local presence in the U.S., Europe and Asia.
ZAPI, headquartered in Poviglio, Italy, 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. After the acquisition, ZAPI Group will employ over 1,200 people in its main facilities worldwide with a total revenue of more than US$400 million.
“We are excited to have played a part in bringing together two great companies, providing Delta-Q with a path for further growth and market expansion and the opportunity for ZAPI Group to realize new market and product synergies,” said Charlie Bullock, Managing Director at Mooreland Partners.