Tandem Expansion-backed Delta-Q acquired by Italy's Zapi

Delta-Q Technologies Corp, a Vancouver provider of battery charging solutions for electric vehicles and industrial machines, has been bought by Italy's Zapi SpA. No financial terms were released for the acquisition, which included shares held by Canadian growth equity firm Tandem Expansion Fund. Zapi, a specialist in motion control for battery and hybrid-powered vehicles, said it will support Delta-Q's growth plans under the existing brand name. Delta-Q, which is led by Co-Founder and CEO Ken Fielding, has been backed by Tandem since 2010. In that year, Tandem invested $17 million in the company.

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