Hillsboro
The investors of Micro Power
Electronics sold the company to California private
investment firm Weston Presidio for an undisclosed amount.
Micro Power CEO Greg Love says the transaction will give the
company the stability to expand further and remain in Oregon.
“We continue to grow here,” Love says. The company,
which has 250 employees, had revenue of just over $40 million
last year and Love says the plan is to double that number in
the next two years. Micro Power makes custom battery systems
for portable electronics in markets such as medical devices,
retail and homeland security.
