Material handling tech vendor Crown Equipment this week said it had acquired Green Cubes Technology, a Kokomo, Indiana-based manufacturer of lithium-ion power systems.
According to New Bremen, Ohio-based Crown, the acquisition supports its efforts to accelerate innovation and deliver an expanded range of energy solutions to customers across key markets.
Specifically, the addition of Green Cubes supports Crown’s efforts to apply its customer-focused strategy to its V-Force energy solutions product offering, which is the company’s division for providing forklifts, batteries, chargers and support.
Green Cube says its SafeFlex batteries are used in industrial applications such as: material handling equipment, forklifts, automated guided vehicles (AGVs), autonomous mobile robots (AMRs), ground support equipment, industrial cleaning equipment, and other electric industrial vehicles.
Details regarding the financial terms and structure of the transaction were not disclosed.
