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Friday, July 9, 2021

Electrical Components International acquires Promark Electronics


Electrical Components International (ECI), a global supplier of wire harnesses, electrical components and sub-assemblies for industrial markets, has acquired Promark Electronics.

Founded in 1987, Promark Electronics is a manufacturer of wire harnesses and cable and electromechanical assemblies used in commercial electric vehicles and other products. As demand for commercial EVs has grown, Promark has developed high-voltage cable and assemblies as part of its ProEV platform, which it supplies to several commercial EV manufacturers.

Promark will continue to operate and expand its manufacturing operations in Montreal, Quebec. The Knecht Family will continue to lead the firm. “We are thrilled to have found an industry-leading partner to help us further accelerate our growth, particularly in the e-mobility space,” said Jarred, Brandon and Robert Knecht in a joint statement.

The acquisition will establish ECI as the high-voltage harness supplier of choice in high-value, high-growth markets, said ECI CEO Mike Balsei. “With ECI’s global scale and Promark Electronics’ proprietary solutions, we will be able to help manufacturers meet the increasing demand for commercial electric vehicles as well as in adjacent e-mobility verticals.”

Source: Promark Electronics



source https://chargedevs.com/newswire/electrical-components-international-acquires-promark-electronics/

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