Investment Firm Buys Custom Battery Supplier

Mar 29, 2006 11:22 AM

Micro Power Electronics (www.micro-power.com) has announced that Weston Presidio (www.westonpresidio.com) has acquired the company from Sierra Ventures and Palisades Ventures.  Micro Power provides portable power solutions for mission-critical equipment and custom battery solutions.

“We are pleased to announce a transaction that has generated significant value for Micro Power shareholders while strengthening Micro Power’s ability to continue its national expansion and strengthen service offerings through acquisition or internal development,” said Greg Love, President and CEO of Micro Power.  “Weston Presidio has demonstrated an in-depth understanding of our business, and will be valuable advisors as we expand our customer base of medical and military equipment manufacturers.”

Micro Power Electronics is an ISO 9001:2000 certified and FDA-registered supplier of custom battery systems for the portable medical, rugged handheld computing, and data collection equipment markets. Weston Presidio provides growth capital to companies across a wide range of industries and stages of development throughout the United States and Canada. Sierra Ventures is a private venture capital firm focusing its investments across all areas of the information technology sectors from semiconductors to enterprise software.

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