XPiQ Acquires Switching Systems International
XPiQ Inc. (Holliston, MA) announced that it has acquired the business and certain assets of Switching Systems International Inc. (SSI, Anaheim, CA). The transaction was completed on April 30th, 2002.
XPiQ Vice President Frank Rene commented, "This acquisition is in line with our strategic direction to strengthen our position as the leading provider of power solutions to the mid-tier market. It will allow us to expand our design engineering capabilities and to accelerate our development of technology-leading power solutions."