Investment allows for expansion at SynQor

Morgan Stanley Capital Partners has made an $18 million investment in DC/DC convertor specialist SynQor.

Morgan Stanley Capital Partners has made an $18 million investment in DC/DC convertor specialist SynQor.

The company plans to use funds from the investment to expand its manufacturing and design capabilities, support new product development and expand its worldwide sales.

"We are pleased with the continued support shown by Morgan Stanley Capital Partners", said Dr Martin Schlecht, Chief Executive Officer of SynQor.

"They have taken an industry leadership position in the investment space for power technology.

Their backing will allow SynQor to continue its technological leadership and exceptional growth rate".

Since its foundation in 1997, SynQor has distinguished itself through its technical leadership, award-winning products, quality design, state of the art manufacturing, proven reliability and overwhelming market acceptance.

"SynQor provides a unique investment opportunity among power convertor companies", said Howard Hoffen, Chairman and Chief Executive Officer of Morgan Stanley Private Equity.

"They have quickly established a major position in the market at a time of significant industry change.

In addition to developing a broad product line with leading technology, SynQor has built an impressive infrastructure of manufacturing, design, and global sales support that allows them to maintain their exceptional growth rates, even in the down market of 2001.

SynQor's approved or preferred vendor status at the top 10 telecomms equipment manufacturers is also a testament to their prospects for continued success".

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