SAN DIEGO, Jan 22 (Bernama-BUSINESS WIRE) -- Pulse Electronics Corporation announced today the acquisition of Austrian-based Egston Holdings, a leading European Magnetics and Cable Assembly provider to the electric vehicles (EV), automotive, industrial, and power magnetics markets.
Egston, with 2017 revenues of approximately USD 87 million, six facilities in Austria, Czech, China and India, and 1,400 employees globally, complements several growing segments of Pulse, including Electrification of Mobility, Autonomous Driving, Industry 4.0, IoT and Smart Grid applications. Egston’s strong global presence and leadership in inductive components and cable systems will enable Pulse to provide key customer solutions in the communications, power magnetics and wireless antenna markets, as well as in the smart grid, industry and specialty vehicle markets.
“The acquisition of Egston, a leader in inductive components and cable systems for the electronics, power distribution, automotive and construction vehicle markets, expands Pulse’s high technology product offering in the growth markets we already serve,” said Mark Twaalfhoven, CEO of Pulse Electronics. “We welcome Egston’s talented organization to Pulse and look forward to working together with them to expand Pulse’s impressive growth and operating performance.”
http://mrem.bernama.com/viewsm.php?idm=30984
No comments:
Post a Comment