ePropulsion Acquires Majority Stake in U.K. Division

Electric propulsion manufacturer ePropulsion said it acquired a majority of shares in ePropulsion U.K. The transaction results in a closer collaboration with the U.K. dealer network headed by Steve Bruce, who was appointed global OEM sales director of the parent, ePropulsion said in a statement. Danny Tao, CEO of ePropulsion, called the U.K. division a “driving force in our expansion and robust offering” in that country. An expansion in the United Kingdom is planned.