XL, a provider of vehicle electrification solutions for commercial and municipal fleets, has acquired the electrification division of Quantum Fuel Systems, a provider of alternative fuel systems for the automotive and heavy-duty fleet industries.
Per the terms of the transaction, XL has acquired the engineering staff and technology assets of Quantum Fuel’s electric vehicle division, providing capacity to accelerate its product development plans for heavy-duty and fully electric propulsion applications. XL will continue to operate Quantum’s Lake Forest, Calif., office.
In addition, XL has appointed Dimitri Kazarinoff, formerly with Eaton Corp. and AVL Powertrain Engineering, its new CEO. XL’s founder and original CEO, Tod Hynes, is remaining with the company as chief strategy officer and will maintain his position on the company’s board of directors.
“I’m excited to be able to execute our long-standing plan of bringing on a new chief executive at this juncture of XL’s history,” says Hynes. “This is the right time to build upon our 10 years of success, and Dimitri is the right leader to accelerate our growth moving forward.”
In addition to Kazarinoff, XL has added Rob Kisiel to its leadership team as vice president of supply chain and production. With two decades of supply chain experience across a range of industries, Kisiel is responsible for optimizing XL’s supplier partner and installation ecosystem and scaling it for growth.