Nexergy and ElectriTek AVT Join Forces |
(Archive News Story - Products mentioned in this Archive News Story may or may not be available from the manufacturer.)
Nexergy, Inc.
1909 Arlingate Lane
Columbus, OH, 43228
USA
Press release date: January 3, 2008
Nexergy, Inc., a leading designer and manufacturer of battery packs and chargers, announced today that it will combine the operations of ElectriTek AVT and Nexergy into a single entity that will go to market under the Nexergy brand name. Late last year, it was announced that Nexergy had concluded an equity recapitalization led by Inverness Capital Partners in which Inverness became Nexergy's majority investor. Inverness Capital previously had taken a majority investment position in ElectriTek early in 2007.
Today, Nexergy CEO Phil Glandon announced the team of Executives that will manage Nexergy going forward:
Joe Dougherty, COO John Stanton, CFO John Costa, Executive Vice President Randy Ibrahim, Vice President of Technology Mark Magoon, National Sales Manager
"Each member of our executive team offers significant experience and unique talents that will help us deliver more value to our customers," said Glandon. "This merger is especially exciting because it allows our company to immediately gain significant scale in the battery and charger businesses."
"We will serve our customers far better by combining our collective resources." Glandon added. "With this combination, we have achieved a leadership position in our business, with a very broad and enviable offering. We will become a stronger, more valuable partner to our customers."
Nexergy's extensive manufacturing assets will bring tremendous capacity and responsiveness to its diverse customer base. With 300 associates and four production facilities in Columbus, OH, Littleton, CO, Canon City, CO, and Escondido, CA, Nexergy will have the resources to respond to customer requirements for quality and rapid delivery times.
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