Product category:
Transformers and Inductors
News Release from: Pace Components/Power Magnetics
Edited by the Electronicstalk Editorial
Team on 16 June 2006
Acquisition swims against the tide
Pace Components has acquired the Electronics Division of CTP Wipac.
One of the interesting things about today's UK manufacturing scene is that, while it appears to be shrinking, there will always be some intrepid organisations who are prepared to swim against the tide and look towards acquisition as means of securing their future stability and, together with that, an increase in their market penetration Pace Components is one such organisation and, as a part of its overall expansion plan, the company recently acquired the Electronics Division of CTP Wipac, a well-established engineering unit situated close to Pace's Buckingham offices and ideally placed to assist development plans
This article was originally published on Electronicstalk on 8 Nov 2004 at 8.00am (UK)
Related stories
Distribution facilities expanded
Sager Electronics, a privately held, employee-owned company, has added a California warehouse to its distribution capabilities.
Award recognises commitment
Schaffner's distributor award recognises Anglia's rapid sales growth of almost 70% over 2003 as well as having registered the highest number of original design-in projects out of all distributors.
Initially, Pace will operate the new division from within its current premises, but the idea is to relocate the entire operation (incorporating Pace Components and its supply and distribution arm Power Magnetics) at a new factory as soon as is practical.
All the CTP Wipac key personnel have been taken on to the Pace payroll, and their expertise, together with machinery and tooling, will assist greatly in enhancing the manufacturing and service aspects of the Pace operation.
Adrian Sturgess, Managing Director of the Pace Group, is clearly delighted by the acquisition.
"In these times of fierce competition", he said, "much of it from the Far East, we need to stay ahead, and I see this being achieved by constantly increasing our range of capabilities, adding to the number of skilled personnel, and looking forward to modest expansion".
"That way", Sturgess continued, "we will be in a secure market position, ready to meet tomorrow's demands".
• Pace Components/Power Magnetics: contact details and other news
• Email this article to a colleague
• Register for the free Electronicstalk email newsletter
• Electronicstalk Home Page
Search the Pro-Talk network of sites
