Briggs & Stratton announced this week that it has acquired SimpliPhi Power, a California-based manufacturer of energy storage and management systems which store solar, grid and wind power for future use by residential, commercial and industrial customers.
The company said that through this acquisition, they will be able to accelerate their growth into the energy storage system market, expanding the business to offer a range of products that provide energy solutions to a broad group of customers.
SimpliPhi Power designs and manufactures energy storage and management systems that utilise lithium-ion batteries to store power generated by residential solar panels, among other sources.
“This acquisition quickly establishes a strong position for Briggs & Stratton in the high-growth energy storage system market,” said 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.”
Catherine Von Burg, CEO of SimpliPhi Power, added, “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."
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.
Terms of the deal were not disclosed.