EXXELIA invests in ALCON ELECTRONICS
Expanding its offering in film & aluminum electrolytic capacitors and extending its footprint into India
PARIS, France and NASHIK, India, January 18th, 2022 – Exxelia, a leading designer and manufacturer of high-performance passive components and sub-systems, announces that it has completed the majority acquisition of Alcon Electronics on December 29th, 2021. Alcon is a leading Indian designer and manufacturer of catalog and custom-designed film & aluminum electrolytic capacitors, specifically serving the renewable energy, induction heating equipment, medical imaging, power generation, and railways end markets.
Established in 1977 in Nashik, India, Alcon Electronics offers a wide range of film and screw terminal aluminum electrolytic capacitors for power electronic applications. Through continuous innovation and a focus on R&D, Alcon meets the evolving customized requirements and high-quality standards of its products, and enjoys long-standing relationships with both Indian and international clients.
Since inception, Alcon has heavily invested in its state-of-the art facility in Nashik, India, becoming a niche-market leader in the country and competing with large international players.
With this partnership, Exxelia will benefit from the unique engineering capabilities of Alcon centered around testing & instrumentation equipment, leveraging it extensively within the group.
Paul Maisonnier, Chief Executive Officer of Exxelia, said: “We are excited to have Alcon join the Exxelia family! Alcon is an established, niche-market leader with great technology, very talented and committed teams and deep business and technical knowledge. Thanks to Alcon, we significantly strengthen our film and electrolytic product portfolio, and we gain a foothold in India which will allow us to better seize opportunities in this booming region and support our French customers with regards to their offset obligations”.
Siddharth Sachdev, Managing Director and Chief Executive Officer of Alcon Electronics, added: “Alcon is delighted to be a part of Exxelia, a human-sized passive component group focused on high reliability products for professional markets. We found ourselves sharing common values and vision and we believe that this combination enhances the capabilities of both groups to serve our combined customer base in film & aluminum electrolytic capacitors both in India and globally.”
KPMG India acted as the exclusive financial advisor to the shareholders of Alcon Electronics, and Lincoln International acted as the exclusive financial advisor to Exxelia, for this transaction. On the Legal side, Pioneer Legal, India acted as the legal advisors to Alcon Electronics, and BTG Legal, India acted as the legal advisors to Exxelia.
About Alcon Electronics
Alcon Electronics is a leading Indian designer and manufacturer of film & aluminum electrolytic capacitors, with a state-of-the art facility in Nashik, India. The company sells 3 main types of film capacitors: IGBT snubber (direct mounting with different terminals styles to suit all types of IGBT modules), DC Link and Power Film capacitors, and is developing a new product line of AC Capacitors. Alcon serves the power electronic industry globally, especially the renewable energy, induction heating equipment, medical imaging, power generation, and railways end markets. Alcon controls every step of product development in-house and is able to supply customers globally with custom-designed capacitors.
For more Information, visit alconelectronics.com
Exxelia SIC SAFCO celebrates its 100th anniversary !
Founded in 1921, SIC SAFCO, the historical brand of our electrolytic capacitors, is celebrating its 100th anniversary this year! We have come a long way since the creation of the Société Industrielle des Condensateurs (SIC)! In 1930, Louis Ségal, the founder of SIC, set up his company in Colombes, in the Hauts de Seine region of France, and presented a patent for the manufacture of a three-phase capacitor with insulated wound sheets. In 1935, the French company for the manufacture of electrical capacitors (SAFCO) was born. SAFCO merged with SIC in 1954 to form the SIC SAFCO brand. This is the beginning of a great adventure for SIC SAFCO which will launch several ranges of capacitors such as : - The SNAPSIC range of aluminium electrolytic snap-in capacitors - The CUBISIC range of aluminium electrolytic radial capacitors - The FELSIC range of aluminium electrolytic capacitors with screw terminal Some changes for SIC SAFCO which inaugurates its new site in Saint Nazaire in 2011 then change of name in 2015 for Exxelia SIC SAFCO. In 2018, with the merger of Exxelia's French entities, Exxelia SIC SAFCO becomes Exxelia SAS. Let's finish with the last news of the brand: the release in 2021 of the CUBISIC SLP range of radial electrolytic aluminium capacitors.
Exxelia at APEC 2023
Come and discover the latest innovations from Exxelia at our booth during the event. We have a range of high-quality products (Capacitors, Filters, Magnetics, Materials & Tuning Components, Position Sensors, Ohmcraft Resistors, Slip Rings & Rotary Joints) designed to meet the needs of your industry. We can't wait to show you how our solutions can improve your projects and increase your efficiency. Don't miss the opportunity to meet our team of experts and find out how we can help you achieve your goals. Join us at our booth for an enlightening experience.