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Sevcon Targets Accelerated Growth with Acquisition of Bassi Srl

SOUTHBOROUGH, Mass., February 1, 2016 - Sevcon, Inc. (Nasdaq: SEV) today announced that it has acquired privately held Bassi S.r.l. Based near Bologna, Italy, Bassi designs and manufactures battery chargers for electric vehicles. The Bassi product line includes fast charging technologies suitable for a wide range of electrification markets, including rapid, high voltage and high power sectors. Bassi also designs and manufactures power management and uninterrupted power source (UPS) systems for industrial, medical and telecom applications, as well as electronic instrumentation for battery laboratories.