POVIGLIO, Italy--(BUSINESS WIRE)--Aug 6, 2025--
ZAPI GROUP, a global leader in electrification, today announced the successful acquisition of the majority of Stercom Power Solutions, a pioneer in intelligent charging and energy storage systems based in Germany. The strategic acquisition enhances ZAPI GROUP’s charging solutions portfolio and technical capabilities while also extending its market reach in key growth sectors such as high voltage on-board charging and energy storage systems.
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Stercom Power Solutions contributes pioneering technologies in energy storage and charging systems for e-mobility and industrial energy systems. This expansion in capabilities reinforces ZAPI GROUP’s position as an industry leader in electric drive and industrial automation solutions that will accelerate innovation and deliver more comprehensive solutions to the market.
"The acquisition of Stercom Power Solutions represents an important milestone in our growth strategy and demonstrates our ongoing commitment to expanding our capabilities to better serve our customers," said Mr. Giannino Zanichelli, founder and owner of ZAPI GROUP. "This acquisition strengthens ZAPI GROUP's ability to deliver next-generation charging solutions as demand accelerates for advanced technologies in electric drive applications. The addition of this company’s innovative product portfolio and talented team will help drive continued growth and market leadership.”
ZAPI GROUP is committed to a seamless integration for Stercom Power Solutions, ensuring continuity for their customers. As part of this process, Stercom Power Solutions will continue to operate as an independent entity in Bavaria, Germany, closely aligned with the rest of the ZAPI GROUP companies.
About ZAPI GROUP
ZAPI GROUP is engineering the transition to an all-electric future with a highly integrated product portfolio, including motion controllers, electric motors, and high-frequency battery chargers for application in full-electric and hybrid vehicles. We provide turnkey system integration, autonomous navigation software, and safety and asset tracking for fleet management. As a global electrification leader with deep systems experience, leading innovations, and an obsession with driving customers' success, ZAPI GROUP now counts more than 1700 employees worldwide with a total annual revenue of more than 700 million US dollars. For more information, visit www.zapigroup.com.
About Stercom Power Solutions
Stercom Power Solutions GmbH is your partner for optimized Energy Storage Systems, Cell Management and Power Electronics for mobile or stationary applications. For more information, visit www.stercom.de/en.
Stercom Power Solutions' OBC V2X, a revolutionary onboard charger that enables electric vehicles not only to charge, but also to act as an energy source.
WASHINGTON (AP) — Inflation likely remained elevated last month as the cost of electricity, groceries, and clothing may have jumped and continued to pressure consumers' wallets.
The Labor Department is expected to report that consumer prices rose 2.6% in December compared with a year earlier, according to economists' estimates compiled by data provider FactSet. The yearly rate would be down from 2.7% in November. Monthly prices, however, are expected to rise 0.3% in December, faster than is consistent with the Federal Reserve's 2% inflation goal.
The figures are harder to predict this month, however, because the six-week government shutdown last fall suspended the collection of price data used to compile the inflation rate. Some economists expect the December figures will show a bigger jump in inflation as the data collection process gets back to normal.
Core prices, which exclude the volatile food and energy categories, are also expected to rise 0.3% in December from the previous month, and 2.7% from a year earlier. The yearly core figure would be an increase from 2.6% in November.
In November, annual inflation fell from 3% in September to 2.7%, in part because of quirks in November's data. (The government never calculated a yearly figure for October). Most prices were collected in the second half of November, after the government reopened, when holiday discounts kicked in, which may have biased November inflation lower.
And since rental prices weren't fully collected in October, the agency that prepares the inflation reports used placeholder estimates that may have biased prices lower, economists said.
Inflation has come down significantly from the four-decade peak of 9.1% that it reached in June 2022, but it has been stubbornly close to 3% since late 2023. The cost of necessities such as groceries is about 25% higher than it was before the pandemic, and other necessities such as rent and clothing have also gotten more expensive, fueling dissatisfaction with the economy that both President Donald Trump and former President Joe Biden have sought to address, though with limited success.
The Federal Reserve has struggled to balance its goal of fighting inflation by keeping borrowing costs high, while also supporting hiring by cutting interest rates when unemployment worsens. As long as inflation remains above its target of 2%, the Fed will likely be reluctant to cut rates much more.
The Fed reduced its key rate by a quarter-point in December, but Chair Jerome Powell, at a press conference explaining its decision, said the Fed would probably hold off on further cuts to see how the economy evolves.
The 19 members of the Fed’s interest-rate setting committee have been sharply divided for months over whether to cut its rate further, or keep it at its curent level of about 3.6% to combat inflation.
Trump, meanwhile, has harshly criticized the Fed for not cutting its key short-term rate more sharply, a move he has said would reduce mortgage rates and the government's borrowing costs for its huge debt pile. Yet the Fed doesn't directly control mortgage rates, which are set by financial markets.
In a move that cast a shadow over the ability of the Fed to fight inflation in the future, the Department of Justice served the central bank last Friday with subpoenas related to Powell's congressional testimony in June about a $2.5 billion renovation of two Fed office buildings. Trump administration officials have suggested that Powell either lied about changes to the building or altered plans in ways that are inconsistent with those approved by planning commissions.
In a blunt response, Powell said Sunday those claims were “pretexts” for an effort by the White House to assert more control over the Fed.
“The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the President,” Powell said. “This is about whether the Fed will be able to continue to set interest rates based on evidence and economic conditions—or whether instead monetary policy will be directed by political pressure or intimidation.”
FILE -American Giant clothing is displayed at the company's showroom in San Francisco, April 17, 2025. (AP Photo/Jeff Chiu, File)
FILE -A cashier rings up groceries in Dallas, Aug. 28, 2025. (AP Photo/LM Otero, File)
