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홈
보도 자료 Strategic
Alliance New
Executive BoardMerger
with Kane MagneticsNew
Name and Strategy
ECS 뉴스/행사 Featured
SpeakersMagnetics
2005
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PRESS RELEASE:
New Name and New Strategy for Global Growth
DUNN, NC / APRIL 15, 2004
World’s Leading Supplier
of Electric Motor Components Announces New Name, New Independence
and New Strategy for Global Growth.
Energy Conversion Systems (ECS) is poised for growth in the design and
manufacture of integrated energy conversion systems for the automotive,
appliance and consumer products industries. ECS has transformed itself
from a components division of the Morgan Auto/Consumer Global Business
into an independent, ambitious new company offering technologically advanced
design services and manufacturing to their list of internationally known
clients.
The company, founded in 1906, had become the world’s leading supplier
of electric motor components. Today, thanks to long-term customer relationships
and a new vision of the industry’s future, ECS is uniquely poised
to capture a larger market share for integrated systems.
ESC is capable of designing, testing and manufacturing more demanding
subsystems and is positioned globally with consolidated operations on
four continents. What had been an Americas-focused enterprise, ECS is
now a streamlined organization with an eye to increasing their role in
Asia and Europe.
Currently, ECS is the only provider of all vital energy conversion
subsystems placing it in a strong position for growth in their core
industries. They have had strong relationships with major manufacturers,
some for longer than three decades, and these valued customers, as
well as new clients, will benefit from ECS’s technically-advanced,
integrated systems and design solutions that work to optimize cost
and energy efficiency.
The leadership and strategy of ECS positions the company for growth in
new and established markets with strong margins and solid returns on
investment. Currently, the company employs staff in eight international
design and manufacturing facilities built around three centers of excellence
in Southeast Asia, Europe and the Americas.
ECS has as its lead partner Midmark Capital (www.midmarkcapital.com ),
a leading US investment firm, with management support to ECS being provided
by the current senior global management group. While reflecting a change
in ownership, a separate agreement has been reached with Morgan Crucible
for the provision of services and products where appropriate to the ongoing
enterprise.
Morgan’s interest in allowing this transaction was to allow the
Business to pursue its successful Systems Strategy in a more autonomous
and entrepreneurial manner. The conversion to a Systems business was
agreed as being outside Morgan’s traditional Materials focus, supporting
a decision to pursue a more strategically aligned ownership.
Additional supportive acquisitions and alliances with the Investment
Partners’
other portfolio companies are in the planning stages. The future of Energy
Conversion Systems is bright as we move forward with our new name, while
retaining our current strength as a unique, market-leading, Global Energy
Conversion Systems supplier for Automotive, Battery Electric Vehicle,
Power Tool, and Appliance technical applications.
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