Acquisitions Strategy

In addition to our own product innovation, Phoenix Mecano has traditionally taken over companies in order to facilitate its entry into new sectors of the components market, primarily to accelerate the introduction of new products onto the market, but also in order to reinforce the local market.

Some of the bigger acquisitions in the history of Phoenix Mecano have been:

Year	Company	Products
2020	BEWATEC	Digital Hospital Communication
2019	Mei Hui Machinery Co., Ltd (MyHome)	Furniture fittings manufacturer
2016	ISMET	Transformers, chokes
2015	Wijdeven	50Hz and high-frequency transformers, coils and power supplies
2014	Redur	Instrument transformers for low-voltage applications and measurement transducers
2014	PM Special Measuring Systems	High-precision measuring systems for electrical current
2011	Platthaus	Air-core transformers, filters and chokes for grid feed-in
2010	Okin Refined	Linear drives for the furniture and care industry
2010	Lohse	Toroidal strip-wound and air-gap cores for use in toroidal transformers and chokes for inverters
2009	Okin	Linear drives for seating and bedding and office solutions
2008	WIENER	Power supply systems and radiation hard backplanes
2008	Datatel	Transformers and chokes for solar inverters
2007	Leonhardy/MCT	Switches, plug connectors, backplanes
2002	Hartmann Electronic	Backplanes
2000	OMP	Racks
1998	Götz-Udo Hartmann	Inductive components
1992	Dewert	Linear drives for hospital and care industry
1991	Kundisch	Keyboards
1989	PTR	Plug connectors, terminal clamps
1987	RK Rose+Krieger	Terminal components, aluminium profiles, assembly systems, linear drives
1985	Hartmann Codier	Coding switches

Financing strategy

Phoenix Mecano finances its acquisitions and capital expenditure largely from its cash flow, without needing to raise new capital.

Purchases of tangible and intangible assets totalled EUR 41.9 million and EUR 5.3 million respectively in 2022. The largest single investment was the construction of a new industrial complex in Jiaxing, China, for which work began in 2020. The first production areas were relocated to the completed sub-complex in late 2022.