Navitas Systems Buys A123 Government Business For $2.3 Million
ANN ARBOR - Navitas Systems LLC has purchased A123 Systems'government business, including all U.S. military contracts, for $2.3 million from the United States Bankruptcy Court for the District of Delaware. The closing on this transaction is expected in early 2013. A123 is a developer and manufacturer of advanced nanophosphate lithium iron phosphate batteries and systems