Micro Power Electronics (Now Electrochem Solutions, Inc.)

NOTE: Micro Power Electronics, Inc. was aquired by Electrochem Solutions, Inc. in late 2011. Please visit http://www.linkedin.com/company/582890 Electrochem Announces Completion of Micro Power Electronics Acquisition CLARENCE, N.Y.--(BUSINESS WIRE)--Electrochem Solutions, Inc., a subsidiary of Greatbatch, Inc. (NYSE:GB), today announced that it has successfully completed its previously announced acquisition of Micro Power Electronics. In connection with this transaction, Electrochem paid $60 million in cash and assumed debt and certain transaction-related payments and expenses. Greatbatch financed this acquisition with cash on hand and borrowed $45 million under its revolving credit facility.