IGP portfolio company Royal Power Solutions makes strategic add-on acquisitions
Royal Power Solutions (“Royal”), a leading developer and supplier of connectivity components that improve power efficiency in automotive and electrical propulsion vehicle systems and products in numerous end markets, has acquired certain business assets and product lines from Wieland Rolled Products North America, LLC (Wieland) through two separate transactions. Royal, headquartered in Carol Stream, IL, was acquired by Industrial Growth Partners in April 2017.
The acquired business assets and product lines include critical electrical connectivity components such as busbars, terminals, eyelets and shields that serve automotive, EV and mobility technology applications. The transactions will strengthen Royal’s position on automotive battery and power electronics platforms and add new customers in the mobility technology market. The acquisitions will also provide new manufacturing technologies and capabilities to Royal.
“The acquisitions of the Wieland assets will accelerate our long-term vision of becoming the market leader in developing breakthrough innovations for conductors and connectors that drive power efficiency in electronic vehicle systems and match our customers’ advancements in mobility technologies,” said Randy Ross, Royal’s Chief Executive Officer.
On October 8th, and December 9th, 2020, Royal acquired certain business assets and product lines from Wieland. Royal and IGP continue to seek add-on acquisitions that can enhance Royal’s position as the global leader in critical, high-precision power distribution and electrical connectivity solutions. To learn more about Royal, please visit www.royalpowersolutions.com.