Skip to main content

11 October 2011

Smiths Interconnect, a division of global technology business Smiths Group plc, today announces the completion of its purchase of Power Holdings Inc. (PDI), a leading designer and manufacturer of specialist power distribution, conditioning and monitoring systems.  This follows receipt of regulatory approval for the $235m acquisition, first announced on 2 September 2011.

Based in Richmond, Virginia, PDI is the parent company of Power Distribution, Inc., Marelco Power Systems, Inc. and Onyx Power, Inc.  It produces power distribution units, static transfer switches, remote power panels, power conditioning units, medium and low voltage transformers and patented power monitors used mainly in data centre and alternative energy applications. The acquisition, from private equity firm Bertram Growth Capital, was cash-funded.

Smiths Interconnect's strategy is to build its core technology groups: microwave; connectors and power management. Recent acquisitions have significantly expanded the product offerings and capabilities of the connectors and microwave groups. The acquisition of PDI transforms the existing power protection group with a new range of products and growth opportunities.

General media enquiries

Contact our global media and communications team at:

Tom Steiner

Tom Steiner

Head of External Communications

+44 (0) 20 7004 1600

Email Arrow right icon
Charlotte Bulmer

Charlotte Bulmer

Corporate Communications Executive

+44 (0) 20 7004 1600

Email Arrow right icon

Please note – the press team can only answer enquiries from accredited members of the press.

Related articles

Cityscape

Annual Results for the year ended 31 July 2024

Find out more Call to action arrow icon
Sparks

Smiths Group announces two North American acquisitions for up to £110m

Find out more Call to action arrow icon
SDX 6040

Smiths Detection unveils new mobile threat detection technology

Our latest Smiths Group press release outlines news that Smiths Detection has launched a new mobile threat detection screening solution

Find out more Call to action arrow icon
Sign up for updates Call to action arrow icon