Announced
Completed
Financials
Sources
Tags
Germany
Completed
Electrical Components
Majority
Private
Acquisition
Friendly
medium voltage drives
Cross Border
Single Bidder
Synopsis
Benshaw, a provider of applied motor control solutions, completed the acquisition of Hiconics Europe, one of the largest manufacturers of medium voltage drives worldwide. Financial terms were not disclosed. "We are pleased to have the Hiconics Europe team bring their expertise to Benshaw and our affiliated companies — Aucom Electronics and Excel Industrial Electronics. We will build IEC rated products at our German factory and UL listed products in our Pittsburgh facility after completion of UL compliance testing," Pete Morgan, Benshaw President.
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