Briggs & Stratton Acquires Equity In Accelerated Systems Inc.
General | July 14, 2021
Briggs & Stratton today announced it has acquired a minority stake in Accelerated Systems, Inc. (ASI) which develops complete traction and control systems for vehicles and has in-house design capabilities for electric motors, controllers, and battery systems. The agreement includes the option for Briggs & Stratton to acquire additional equity in ASI over the next five years.
The advanced electric drive systems that ASI develops complement Briggs & Stratton's strategic focus of being power application experts for our customers, which includes internal combustion engines, electrified products and technologies and hybrid solutions.
"This is an important technology investment for Briggs & Stratton as we continue to expand our capabilities as a power application company," says Steve Andrews, Briggs & Stratton's President and CEO. "This acquisition provides meaningful capabilities that will significantly accelerate our electrification strategy."
About Accelerated Systems Inc (ASI):
Accelerated Systems Inc. (ASI) is a clean energy innovation company. We develop complete traction and control systems for vehicles. We have in-house design capabilities for electric motors, controllers, and battery systems. We specialize in autonomous controls and the electrification of equipment that is currently powered by internal combustion engines.
ASI’s corporate office is located in Canada’s technology center, Waterloo, Ontario. To learn more about ASI , visit our website, follow our LinkedIn page and subscribe to our YouTube channel.
About Briggs & Stratton:
Briggs & Stratton, headquartered in Milwaukee, Wisconsin, is focused on providing power to get work done and make people's lives better. Briggs & Stratton is the world's largest producer of gasoline engines for outdoor power equipment, and is a leading designer, manufacturer and marketer of commercial lithium-ion batteries, power generation, pressure washer, lawn and garden, turf care and job site products through its Briggs & Stratton®, Simplicity®, Snapper®, Ferris®, Vanguard®, Allmand®, Billy Goat®, Murray®, Branco® and Victa® brands. Briggs & Stratton products are designed, manufactured, marketed and serviced in over 100 countries