Manufacturer of small engines and generators Briggs & Stratton has come into possession of SimpliPhi Power, a manufacturer of lithium iron phosphate energy storage. This acquisition launches Briggs & Stratton into the energy storage market and expands its portfolio of portable and stationary backup energy products.
“This acquisition quickly establishes a strong position for Briggs & Stratton in the fast-growing energy storage systems 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 independent products and technology solutions.”
Briggs & Stratton plans to offer SimpliPhi Power products through its own distribution channels, in addition to continuing to serve SimpliPhi Power’s existing distribution channels.
“Joining forces with Briggs & Stratton will provide SimpliPhi Power with new growth opportunities and substantial resources to lead the energy storage systems market. Briggs & Stratton’s extensive distribution network, energy applications expertise and commitment to innovation will accelerate our growth and mission to provide resilient energy storage systems that create universal access to safe, reliable and affordable energy to support people, communities and businesses worldwide. to empower”, says Catherine von Burg, CEO of SimpliPhi Power.
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