Galvion, a global leader in advanced protective equipment, and power management and data solutions for military and tactical users worldwide, announced today that it has divested the assets of its Ottawa-based Vehicle Power division to Stryten Energy LLC, a U.S.-based energy solutions provider, based in Alpharetta, Georgia. “This divestiture further supports our strategy to sharpen our portfolio and fund expanded capabilities and growth initiatives around enhanced warfighter survivability and lethality,” said Galvion CEO, Jonathan Blanshay.
The transaction includes the assets of Galvion Power Systems, comprising its ground-breaking, safe and reliable Symbasys™ lithium-ion energy storage solutions, as well as its talented and dedicated Ottawa, Ontario-based team. The experienced Power team will continue day-to-day operations in Ottawa, but will join Stryten’s wider Research and Development group, adding critical lithium battery knowledge to their newly formed Military and Government Division.
“Galvion’s Symbasys SWitchPack™ i6T and SWATPACK™ Li-ion battery systems were developed over multiple years, under stringent testing and validation processes. These modular and scalable energy solutions can be safely and reliably integrated in Military vehicles for use in hostile and austere environments, offering considerable capability enhancements and through-life efficiencies,” said Peter Rafferty, Galvion’s V.P. of Vehicle Power division, who will continue to work with Stryten and the Ottawa team over the coming months to ensure a smooth transition for all. “We are very excited to welcome Galvion’s Vehicle Power team, and to tap into their extensive expertise in both Li-ion battery solutions, as well as their critical understanding of integrating Li-ion technology into Military vehicles. We are committed to leading the transition to a clean energy economy, and this is another firm step in that direction for us,” said Tim Vargo, CEO of Stryten Energy.
Added Galvion CEO Blanshay, “We are very proud of the huge advances our Vehicle Power division has made over the past 7 years, and we look forward to their continued innovations and success under the Stryten banner.”