Luterbach, Switzerland Schaffner Group has acquired the dry-type transformers operations of U.S.-based MTC Transformers Inc. for about $14 million. The move is expected to strengthen Schaffner’s presence in the North American market, while expanding its technology portfolio in the area of power magnetics.
Under the agreement, Schaffner is acquiring MTC Transformer’s production site in Wytheville, Virginia, and sales office in Roanoke, Virginia, as well as the MTC Transformers brand. Schaffner has production centers in China, Germany, Thailand and Hungary.
MTC Transformers, founded in 1985, specializes in the development, manufacturing and maintenance of transformers and other magnetics. The Wytheville facility focuses on dry-type transformers for medium-voltage applications in the rail technology, renewable energy and energy-efficient drive systems sectors. The site also provides service and support.
Schaffner’s North American customers are expected to benefit from locally developed and manufactured products, including shorter transport routes and delivery times.
MTC’s product range include dry-type transformers and reactors in the power range up to 12 MVA for applications in the low- and medium voltage range up to 35 kV. A special sealing technology for windings as well as high-quality mechanical designs enable the development and manufacturing of unique solutions, which can be seamlessly integrated into power electronic systems and work reliably over decades even under harsh conditions, said the company.
The Schaffner Group also announced a divisional change in the organization as part of its growth strategy. The group will be divided into three divisions — EMC, Power Magnetics and Automotive — at the start of the new fiscal year on October 1, 2011.
Changes to the executive board also will go into effect on the same date. Chief executive officer Alexander Hagemann will head up the new Group Executive Board, which will consist of chief financial officer Kurt Ledermann, chief operating officer Ah Bee Goh and the three division heads.
Guido Schlegelmilch, currently in charge of Schaffner Group operations in Germany, has been appointed as head of the EMC division and as a new member of Group Management. Management of the Power Magnetics division will be led by Eduard Hadorn, previously vice president business development Asia, and Jean-Michel Calleri, previously vice president sales Europe, will head up the Automotive division.
Previous members of Group Management, Fabian Beck and Martin Koeppel, will be responsible for research and development, and quality assurance and supply-chain management, respectively.