- Franklin Electric (NASDAQ:FELE) completed the acquisition of the Stationary Power Division of Midtronics, Inc. for an undisclosed term.
- Stationary Power Division will be combined with the existing Grid Solutions business of Franklin Electric Fueling Systems.
- SPD had annual sales of ~$8M in FY2017.
- The Company expects this acquisition to be accretive to 2019 earnings per share.
- Press Release
Franklin Electric acquires assets of Midtronics Stationary Power division
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