East Penn Expands Innovation Investment by Acquiring Majority Share of Navitas Systems
East Penn has announced the acquisition of a majority interest in Navitas Systems, a leader in larger-format lithium battery technology and systems for heavy-duty commercial/industrial as well as government/defense market segments. The acquisition will accelerate East Penn’s expansion of its Motive Power battery offering, as well as its strategic integration into other market segments. Navitas products will complement East Penn’s offerings, and its lithium Research and Development expertise will add to East Penn’s current lithium R&D program.