Nexergy, Inc., a designer and manufacturer of custom battery packs, and International Components Corp. (ICC), a developer and manufacturer of rechargeable power systems for portable applications, today announced a definitive merger agreement. The two companies said the agreement, effective immediately, creates the industry's largest designer and manufacturer of rechargeable power systems.
ICC President and CEO Stephen McClure will serve as president and CEO for the newly combined entity. Sean Harrigan, currently Nexergy's CEO, will serve as chief strategy officer.
McClure noted that while the majority of competitors focus on a single rechargeable power component or capability, the combined ICC-Nexergy organization will be the only company able to offer its customers all the elements needed for a complete solution - battery pack, charger, docking station, and power supply.
Each company will maintain its respective corporate offices, design centers, sales offices, and manufacturing facilities. The combined company will have more than 2000 employees in five countries.
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