Revision Acquires Protonex

Expands and Enhances Power Management Solutions Portfolio

On 18 October Revision announced that it has acquired Protonex Technology Corporation, a developer of power solutions that sit well alongside Revision’s NervCentr soldier power management products and applications.

Protonex has innovated in fuel cell design, invented the modern Intelligent Power Manager and grown to become a leading provider of advanced power solutions for portable, remote, and mobile applications. The company’s commitment to providing solutions that overcome energy gaps for military, scientific, and commercial communities will continue. For the immediate future, Protonex will operate under the Revision name as a stand-alone entity in Southborough, MA, under the continuing stewardship of David Long, General Manager. Current customer contracts and orders will be fulfilled as planned and Revision will take care to minimise disruption for customers and suppliers. Simultaneously, Revision will pursue business opportunities that leverage Protonex technology and know-how to provide increased capabilities and effectiveness to global armed forces.

In Protonex, Revision is acquiring an established player in the soldier power management solutions area. Their specialised product focus – particularly their power managers – perfectly complements Revision’s soldier power portfolio,” commented Revision CEO, Jonathan Blanshay. “With Protonex we are not simply acquiring their advanced technology, but also their talented workforce and engineering expertise. We will now be in an even better position to realise our vision of integrated power and data solutions to enhance warfighter survivability and lethality. Revision is a growth company that seeks complementary diversification; we’ve demonstrated this with expansion across every dimension of our business, but also through proactive acquisitions – including our purchase of MSA’s helmet business in 2012 and Panacis power systems in 2014. This is not just an opportunity to grow Revision’s power management capabilities; it’s also an ideal moment to invigorate Protonex’s established product lines.”

 

Publish date

10/19/2018

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