LAS VEGAS (Nov. 19, 2013) — CTEK Group has acquired Inelco Group's battery charging business, effective Nov. 1, the company announced at the 2013 Specialty Equipment Market Association (SEMA) Show.
Terms of the deal for the battery charging business, part of Inelco Group's Danish subsidiary Inelco A/S, were not disclosed. CTEK said the acquisition will boost its competitiveness, primarily within the professional and industrial segments.
CTEK manufacturers and markets a complete range of battery chargers and accessories for private and professional use that are "effective, user friendly and, above all, safe to use," the company said. The company introduced the first switch-mode technology-based battery charge in the world and said it is the global market leader.
"CTEK Group looks forward to cooperating with Inelco Group's customers and suppliers to help expand the business," said Jon Lind, CEO, CTEK Group.