Recom buys Italian power supply maker
PCS has been designing and making AC-DC and DC-DC power supplies from 3W up to 10kW for railway, medical, military and industrial applications for the last 40 years in in San Vendemiano near Conegliano, Italy.
“We are excited to welcome such a high-end power supply solutions provider into our organization,” said Karsten Bier, CEO of the RECOM Group. “Offering our worldwide customer base the PCS product portfolio will enhance our position as the number one provider for full power distribution on and off board. It will also broaden our strategic options and will assist customers when selecting products from our factories in Europe, China and Taiwan. PCS employs 49 people and generates an annual turnover of close to $10mio. The high qualified design and product testing and verification engineers will increase the group’s capabilities significantly and will be a great asset to support our global development and production facilities in Vienna/Austria, Kaohsiung/Taiwan and Xiamen/China. Very importantly, we were successful in securing the continued employment of the two founders of PCS, Messrs. Mauro Piai and Roberto Fiorot.”
“We did not intend to sell PCS,” said founder Mauro Piai. “However, Roberto and I found that RECOM was the ideal partner to secure the continuity and future growth of PCS. PCS is 100% complementary to RECOM and the staff is extremely excited and enthusiastic to be part of the RECOM family.”
The RECOM Group has consistently grown organically above the industrial average and now generates close to $100 million in annual revenue (as of 2019). With RECOM’s large sales organization and global facilities, including this recent acquisition of PCS, sales growth is predicted to continue at an above average rate of growth.
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