Dry-type transformer and ballast manufacturer Jefferson Electric, Inc., Franklin, Wis., has merged with Pioneer Power Solutions, Fort Lee, N.J. Pioneer is a manufacturer of liquid‐filled electric transformers for utility, industrial and commercial applications.
"The merger with Pioneer provides Jefferson with an expanded platform and the capital it needs to grow. In particular, the combination will provide strong support for Jefferson's ongoing expansion into the low voltage magnetics market," said Thomas Klink, president of Jefferson Electric. "We anticipate that, together with Pioneer, we will form important structural and financial synergies, resulting in increased efficiencies and profitability for both companies going forward."
Jefferson will operate as a wholly owned subsidiary of Pioneer. Thomas Klink will stay as president with a seat on Pioneer Power's board of directors.