SAN DIEGO, California – January 22, 2018 – Pulse Electronics Corporation announced today the acquisition of Austrian-based Egston Holdings, a leading European Magnetics and Cable Assembly provider to the electric vehicles (EV), automotive, industrial, and power magnetics markets.
Egston, with 2017 revenues of approximately USD 87 million, six facilities in Austria, Czech, China and India, and 1,400 employees globally, complements several growing segments of Pulse, including Electrification of Mobility, Autonomous Driving, Industry 4.0, IoT and Smart Grid applications. Egston’s strong global presence and leadership in inductive components and cable systems will enable Pulse to provide key customer solutions in the communications, power magnetics and wireless antenna markets, as well as in the smart grid, industry and specialty vehicle markets.
“The acquisition of Egston, a leader in inductive components and cable systems for the electronics, power distribution, automotive and construction vehicle markets, expands Pulse’s high technology product offering in the growth markets we already serve,” said Mark Twaalfhoven, CEO of Pulse Electronics. “We welcome Egston’s talented organization to Pulse and look forward to working together with them to expand Pulse’s impressive growth and operating performance.”
Egston will operate as an independent business unit of Pulse, known as Egston a Pulse Electronics Company. Egston CEO Frank Wolfinger will continue to lead the unit as General Manager. Pulse will maintain the Egston brand and continue manufacturing its entire product line in order to continue to serve its existing customers.
“We are very excited to join the Pulse Electronics family and look forward to growing our global footprint, which will allow us to better serve our loyal customers while leveraging new market channels and complementary products offerings,” said Mr. Wolfinger. “We are confident that this transaction will act as a springboard to continue the strong growth of Egston a Pulse Electronics Company.”
“I am happy to see Egston becoming a part of Pulse Electronics,” said Walter Wunderer, owner of Egston Group. “Pulse has the financial means to further support the growth of Egston and its integration into Pulse will help to further enhance the development of Egston a Pulse Electronics Company.”
About Pulse Electronics
Pulse Electronics is a portfolio company of certain affiliates of investment funds managed by Oaktree Capital Management L.P., a leader among global investment managers specializing in alternative investments, with $100 billion in assets under management as of September 30, 2017. Pulse Electronics is a leading provider of electronic components that help customers build the next great product by providing the needed technical solutions. Pulse Electronics has a long operating history of innovation in antennas, magnetics and connectors, as well as the ability to ramp quickly into high-quality, high-volume production. The Company serves the wireless and wireline communications, power management, military/aerospace, and automotive industries. Pulse Electronics is a participating member of the IEEE, SFF, OIF, HDBaseT Alliance, CommNexus, NFC Forum, MoCA, and IWPC. Visit the Pulse Electronics website at www.pulseelectronics.com.