Exista acquires Fabrimex for growth in high-end power supplies
Exista takes over Fabrimex with retroactive effect from 1 January 2023. Both companies are considered leaders in sustainable power generation. The merger is intended to bundle the product portfolios and expand the market position.
Fehraltorf-basedExista has acquired Fabrimex, according to a media release. Both companies have been active for many years as developers of power supply solutions and are combining their expertise and product range. The merger will be retroactive to 1 January 2023.
Exista focuses on customised, high-quality power supplies, battery and LED system solutions for customers in industry, railway and medical technology. It has networks with partners and suppliers in Europe, the USA and Asia. With the merger, the owner-managed company, founded in 1988, is aiming for new growth. “Through the combination of customer and supplier relationships, the expanded product portfolio and the combined forces in sales, service and support, we are further expanding our leading position in high-quality power supplies and individual solutions,” Ernst Roth, Managing Director of Exista AG, is quoted as saying.
Fabrimex has been a provider of power supply solutions since 1947 and produces DC/DC converters, power supplies and inverters. In Switzerland, the company is present through trade brands: Glassman HighVoltage (high voltage supplies), FSP, EPSolar, Hoppecke and others. Fabrimex belonged to the international holding Werap since 2007 and until its takeover by Exista. Fabrimex is transferring its power supply business to Exista.
Both companies are headquartered in the Zurich Oberland and are to continue as independent companies after the acquisition. 100 percent of the shares in Fabrimex AG will go to Exista AG. The parties have agreed not to disclose the purchase price.