Analysis

CUI acquires Canadian power supply manufacturer

2nd March 2015
Nat Bowers
0

CUI has entered into a definitive agreement to acquire specific assets of the privately held Canadian equipment manufacturer Tectrol, a leading designer and manufacturer of standard and custom power solutions.

The acquisition will greatly expand CUI's power product portfolio along with its engineering and manufacturing capabilities. The Tectrol line will add a standard portfolio of high-density, high-efficiency AC and DC power supplies ranging from 200 to 3,000W along with modified standard and custom capabilities. The acquisition will also significantly boost CUI's power design and manufacturing resources with the addition of Tectrol's advanced 74,000 sq. ft. Toronto, CA facility.

Matt McKenzie, President, CUI, commented: “We believe this transaction is a step forward for our company as we look to deliver our customers the most advanced power solutions from the AC front-end all the way to the DC PoL. We are very excited about the synergies between the companies and are confident that the integration will immediately enhance the capabilities of our Power group.”

Tectrol is a family-owned, Toronto, Canada-based company that was founded in 1968. For over 40 years, the company has consistently been one of the most flexible and most respected providers of power products with the unique ability to accommodate design challenges for low, medium and high volume applications. Its customer list includes some of the most iconic electronics, networking, medical and technology companies in the world.

“This acquisition furthers our value proposition to the customer base that we are already engaged with. As many OEMs look to consolidate their supplier base, it is essential we are able to offer the most comprehensive solution for their power systems,” concluded McKenzie.

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