Two powerhouses in the flywheel and uninterruptable power supply (UPS) markets have merged after Active Power was sold to Piller Group.
The German firm’s purchase, which was announced in September but only finalised recently, comes as it angles itself for a greater share of the critical power market.
The exploding pagers and walkie-talkies in possession of armed group Hezbollah were laced with a powerful explosive called PETN, most likely concealed in the batteries, according to a source familiar...
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