Charlie Peppiatt, CEO, Stadium Group, commented: “This exciting acquisition supports our Group strategy to build a leading design-led electronic technology solutions group with a portfolio of value-adding complementary products, design and integration capabilities. Supported by a global footprint, we aim to simplify the supply chain and reduce time to market for our customers.”
Paul Branston, Managing Director, Stontronics, added: “Stontronics’ extensive range of power products, strong supplier network and established distribution partnerships complements Stadium Power, offering synergies, economies of scale and a much stronger proposition to our mutual OEM customers. We are delighted with the benefits this acquisition will bring to Stontronics through product and sector synergies, cross-selling opportunities and improved economies of scale.”