Small engine and generator producer Briggs & Stratton has acquired SimpliPhi Power, a lithium-iron phosphate energy storage manufacturer. This acquisition launches Briggs & Stratton into the energy storage market, expanding its range of portable and stationary backup energy products.
“This acquisition quickly establishes a strong position for Briggs & Stratton in the high-growth energy storage system market,” says Steve Andrews, president and CEO of Briggs & Stratton. “The SimpliPhi Power team brings deep application expertise, strong technical support and proven, successful products to the Briggs & Stratton portfolio of power-agnostic products and technology solutions.”
Briggs & Stratton intends to offer SimpliPhi Power products through its own distribution channels in addition to continuing to service SimpliPhi Power’s existing distribution channels.
“Combining forces with Briggs & Stratton will provide SimpliPhi Power with new growth opportunities and substantial resources to lead the energy storage system market. Briggs & Stratton’s expansive distribution network, power application expertise, and commitment to innovation will accelerate our growth and our mission of providing resilient energy storage systems that create universal access to safe, reliable and affordable energy to empower people, communities and enterprises globally,” says Catherine Von Burg, CEO of SimpliPhi Power.
News item from Briggs & Stratton