About NorthStar

NorthStar, which was founded in 2000, has rapidly become one of the leading global producers of high performance, lead-acid batteries and has developed a strong telecom OEM offering of standby power systems through its SiteTel division.

Altor acquired NorthStar in August 2007 and will develop the company in partnership with the management team.

NorthStar consists of two main business areas: NorthStar battery division with a state-of-the-art-factory based in Springfield and SiteTel division offering standby power systems based out of Stockholm and Shanghai.

The company employs some 400 persons worldwide with operations in Springfield (Missouri, US), Stockholm (Sweden) and Shanghai (China).

Altor's strategic agenda is to support NorthStar in order to accelerate the organic expansion in new product segments, but also to new geographies. Altor will also support the expansion of manufacturing capacity to meet increasing demand from customers.