RECOM announces the acquisition of LECO

New full custom and standard power conversion solutions addressing high-end markets such as critical industrial automation are now available, leveraging the technology, experience, and skills of new acquisition LECO.

Austria-based LECO is one of only a few companies that specialise in design and manufacture of full custom, high-end power solutions. Power-dense products meet the most exacting specifications, and the company has an active commitment to excel in technology, quality and customer service.

The acquisition of LECO is a strategic move for RECOM, designed to cement the company’s position as a globally-acting and functionally diversified power supply market leader. By integrating LECO’s engineering expertise and high-end power conversion products into its portfolio, RECOM enhances its market position and delivers more, comprehensive, high-end power supply solutions to its global customer base.

Clearwater advised RECOM on the transaction as M&A advisor.

“We are proud to have established this partnership with LECO. This provides us with an opportunity to expand our engineering capabilities and product portfolio for our customers, especially in industrial, automation & supply chain end-markets, as well as leveraging our global footprint for the sale of high-end products,” said Karsten Bier, CEO and Shareholder, RECOM.

 “Joining the RECOM group is a significant milestone for LECO. RECOM’s international presence provides us with an opportunity to expand our reach in highly attractive end-markets and leverage our engineering capabilities towards development of further innovative power supply products,” says Harald Weinmeier, Managing Director, LECO.