Clearwater advises RECOM on its majority acquisition of LECO
RECOM, a family-owned company, is a global leader in power supply solutions. The company sets industry standards for innovation and standards for compliance and manufactures a full range of standard and customised DC/DC and AC/DC converters, in every power class from sub-1W to tens of kW. Switching regulators and LED drivers in various formats are also offered. The company’s headquarters are located in Gmunden, Austria, supported by multiple manufacturing locations and a robust, global sales and distribution network. The RECOM name has become synonymous with high quality, integrity, innovation, and excellent customer service.
Based in Ennsdorf, Austria, LECO has an extensive product range including AC/DC and DC/DC converters, which are utilised across various industrial sectors. Known for its technological excellence, product reliability and dependability, LECO has garnered a solid reputation in the market.
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. This not only strengthens RECOM’s position in the power supply market but also aligns with the company’s goal of becoming a Global Champion for Power Supply Systems.
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 LECO’s high-end products.
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 the development of further innovative power supply products.
The acquisition of LECO represents a critical step in RECOM’s strategic expansion. It not only reinforces RECOM’s position in the power supply market but also aligns with its goal of becoming a Global Champion for Power Supply Systems. We are proud to have advised on this transaction and to have contributed to its successful completion.