RECOM Power To Acquire Power Control Systems Srl
RECOM Power has announced the acquisition of 75% of Power Control Systems based in San Vendemiano near Conegliano/Italy. This well-established company focuses on the design and manufacture of AC/DC and DC/DC power supplies from 3W up to 10kW for Railway, Medical, Military and Industrial applications. With more than 40 years of experience, PCS has established long term relationships with demanding Tier 1 customers.
Karsten Bier, the CEO of the RECOM Group states: “We are excited to welcome such a high-end power supply solutions provider into our organization. Offering our worldwide customer base the PCS product portfolio will enhance our position as the No.1 provider for full power distribution on and off board. It will also broaden our strategic options and will assist customers when selecting products from our factories in Europe, China and Taiwan. PCS employs 49 people and generates an annual turnover of close to $10m. The high qualified design and product testing and verification engineers will increase the group's capabilities significantly and will be a great asset to support our global development and production facilities in Vienna/Austria, Kaohsiung/Taiwan and Xiamen/China. Very importantly, we were successful in securing the continued employment of the two founders of PCS, Messrs. Mauro Piai and Roberto Fiorot”.
Mr. Piai states: “We did not intend to sell PCS. However, Roberto and I found that RECOM was the ideal partner to secure the continuity and future growth of PCS. PCS is 100% complementary to RECOM and the staff is extremely excited and enthusiastic to be part of the RECOM family”.
The RECOM Group has consistently grown organically above the industrial average and now commands an annual Group turnover of close to $ 100m (2019). This turnover is set to grow well above average by using the leverage of the large sales organization and the synergies of its global facilities.