Latest News IDEAL INDUSTRIES, INC. ACQUIRES NEW ZEALAND BASED ENATEL LTD.
IDEAL INDUSTRIES, INC. ACQUIRES NEW ZEALAND BASED ENATEL LTD. —
Deal will Expand Innovation and Global Operations for Both Companies
(JANUARY, 2019) – Sycamore, Illinois – Shareholders of Enatel Ltd. have agreed to sell the power solutions company to family-held IDEAL INDUSTRIES, INC. Terms will not be announced. The deal was also reviewed and approved by the Overseas Investment Office of the New Zealand government.
“We’re excited by the growth and innovation potential of adding Enatel’s management team, design and manufacturing capabilities as well as their global customer base to the IDEAL family of companies,” said Jim James, IDEAL Chairman and Chief Executive Officer. “Both Enatel and IDEAL share the same customer service values, commitment to employees and their surrounding communities. Plus, Enatel’s expertise in power conversion efficiency, and power density are an extraordinary complement to our own power connection and wireless power control systems.”
The Enatel management team will remain with the company and will report to Martin Van Os, Group Vice President/General Manager Asia Pacific headquartered in Melbourne, Australia. The Enatel management team, including Gary Foot (Managing Director), Andrew Davidson (Executive Director, Sales and Marketing Manager for Motive Power) and Dennis Chapman (Executive Director) will continue to lead Enatel operations from Christchurch, NZ.
Enatel Brings World-Class Design, Engineering, Software and Hardware Expertise
James explained that Enatel’s expertise in power supply design, the integration and conversion of alternative energy sources and in battery management have consistently delivered strong growth across the company’s energy, motive power and solar units. Enatel exports 90 percent of its products to over 70 countries across Oceana, the Americas, Asia and EMEIA.
Enatel Limited has over 30 years’ experience in the design and manufacture of a range of power solutions. These solutions are used in telecommunications, networking, wireless and industrial industries globally, as well as grid-tied solar inverters for renewable energy, and motive power chargers for the industrial battery sector.
IDEAL INDUSTRIES, INC. is a global, diversified family business designing and manufacturing superior products and tools for professional tradesmen in the electrical, wire processing, data communications, aerospace, automotive and construction industries. The 102-year old company was founded in 1916 on the premise of forging ideal relationships with customers, employees and communities. The company has consistently grown and expanded under four generations of family ownership.