Radicon Group Joins Asian Market-Leader In Industrial Transmissions
The Radicon group, a UK-based provider of standard industrial gearing products, is now part of Indian industrial transmissions group Elecon Engineering Company Ltd. The GBP 21.41 million purchase of the group from David Brown Gear Systems has been finalised.
- (1888PressRelease) December 07, 2010 - For the Radicon group, which includes Radicon and Sweden-based Benzlers, the change in ownership brings strong backing from one of the world's leading gear manufacturing companies - and, crucially, new resources for product development and distribution. For Elecon, Radicon and Benzlers represent opportunities to accelerate its global growth ambitions - providing access to new markets (especially in North America and Europe), as well as broadening the group's overall product portfolio.
Radicon and Benzlers are two of the most recognised brands in the global power transmission industry. Their team of expert engineers joins Elecon Engineering with world-class expertise in gear manufacturing and process engineering.
Intellectual property rights on all Radicon and Benzlers products remain with the companies and the supply chain will continue as is, ensuring the quality and innovation customers expect from the brands.
The Radicon and Benzlers teams remain the same too - from management through to sales, continuing long and trusted customer-focused relationships. Radicon will operate under the name Radicon UK Limited (previously David Brown Radicon) and the UK team will remain at the Huddersfield site of David Brown Gear Systems until a new location is found in the region.
Neville Vickery, General Manager for Radicon and Benzlers, comments:
"The change in ownership is a big opportunity for us. Elecon Engineering is an established and respected player in the Asian market with excellent supply chain resources. Under the new arrangement, both Radicon and Benzlers can operate more independently - as light and nimble organisations, but with enormous engineering expertise, broad and profound experience and with increased global coverage. At the same time, much will stay the same. Our customers can rely on our established relationships with them and on the outstanding level of quality and service we've reached. We'll be even closer to them, providing and developing products ever faster."
UK-based Radicon is one of three business units within the Radicon group (the others are Benzlers and Radicon Thailand), that provides pre-engineered gear systems to a range of industries worldwide under an established, globally-recognised brand. Industries served are - among others - Mining & Quarrying, Material Handling, Power Generation, Pulp and Paper, Chemicals & Pharmaceuticals, Food & Beverage and Electronic Drives & Equipment.
Elecon Engineering Company Ltd is Asia's largest manufacturer of industrial transmissions. From a modest start in the design and manufacture of elevators and conveyors, from which the company derives its name, Elecon has grown considerably over five decades and now services a broad range of industry sectors - such as Fertilisers, Cement, Coal/Power Generation, Chemicals, Steel Plant and Port Mechanisation. The Radicon group deal represents Elecon Engineering's first international acquisition.
Under the new ownership, Radicon and Benzlers plan to accelerate the substantial growth they have experienced in recent years.
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