Cosel Acquires Powerbox Group
Japanese company Cosel Co, Ltd announced its acquisition of Swedish Powerbox Group. The deal expands Cosel's global reach in power supply solutions, integrating Powerbox's design and manufacturing capabilities.
Cosel Co, Ltd (6905: Tokyo) has announced its acquisition of The Powerbox Group. Powerbox Group employs 120 people and reports a consolidated turnover exceeding €40 million. The company operates design centers in Sweden, Germany, and the Netherlands, with additional offices across Europe, the USA, China, and Australia. Powerbox specializes in the design and manufacturing of power supplies for the industrial, medical, transportation, and defense sectors.
Cosel President and CEO Masato Tanikawa stated that the acquisition supports Cosel's global expansion strategy. "Our vision is to expand our success in the Japanese market globally. By acquiring Powerbox, we gain additional design and manufacturing resources, enabling us to expand our product offering and reach new markets," Tanikawa said.
Powerbox CEO Martin Sjöstrand expressed his anticipation for the collaboration. "We look forward to joining the Cosel Group and creating a successful common entity together," Sjöstrand stated. "By becoming part of Cosel, Powerbox is entering a new phase in its history. With shared values such as a quality-first approach and a focus on technological leadership, the combined companies will continue to excel in developing new technology."
Founded in Japan in 1969, Cosel is a global designer and manufacturer of AC-DC power supplies, DC-DC converters, and EMI filters. The acquisition, which was finalized in July 2018 (press release dated June 25, 2018), strengthens its position in the international market for power solutions.