Pioneer Power Acquires Pico Electrical Equipment to Create New Business Unit

Pioneer named industry veteran Geo Murickan president of the new subsidiary, which will do business as Pioneer CEP.

Pioneer Power Solutions Inc., Fort Lee, N.J.-based manufacturer of specialty electrical transmission and distribution equipment for the utility, industrial and commercial markets, announced the acquisition of select assets from Pico Electrical Equipment Inc. and Pico Metal Products Inc. Those operations will be integrated into a new business, Pioneer Custom Electrical Products Corp.

Pico, a manufacturer of low-voltage switchboards, panelboards and custom electrical enclosures, i

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