Ault Acquires Stake in Nidec Power Division

August 13, 2002 by Jeff Shepard

Ault Inc. (Minneapolis, MN) announced that it has acquired the operating assets of Nidec America Corp.'s (Canton, MA) Power General (Canton, MA) division. Under the terms of the asset purchase agreement, Ault will maintain Power General's engineering group in Massachusetts and move Power General's manufacturing operations to existing Ault facilities in North America and Asia within six months.