ESP Acquires Power Quality Innovations, Inc.19 Oct, 2005
ESP Acquires Power Quality Innovations, Inc.
Electronic Systems Protection, Inc. (ESP), a leading manufacturer of power protection technology, announced that it has acquired Power Quality Innovations, Inc., a Canadian power protection company.
“We believe that together, clients will be offered enhanced technology and more comprehensive power protection solutions,” stated Kim Alfreds, ESP’s Chairman. “As a result of this merger, ESP and PQI will be even better positioned to provide progressive technology solutions and become the power protection standard for the office equipment industry in North America.”
Richard Billingsley, former President of Power Quality Innovations, Inc, noted: “I believe that this merger is in the best interests of the customers, suppliers, and partners of PQI. Our clients will gain added value from both companies and our partnership will provide enhanced product solutions and expanded technical support. “
Under the terms of the agreement, which has been approved by the ownership of both companies, ESP plans to continue operations of Power Quality Innovations, Inc., in Rossland, B.C., Canada during the transition. By year’s end, PQI’s product manufacturing will be consolidated into ESP’s manufacturing facility in Zebulon, NC. Richard Billingsley will continue to be an ongoing source of technical support through a design and development agreement with ESP.
Further information regarding ESP’s power protection products is available online at realpowerprotection.com and additional PQI product information can be found at pqi-inc.com.