Some days are more noticeably different than others. One day, you wake up to find yourself in a world where the US imposed a 25% tariff on Chinese imports, UBER’s IPO became one of the worst-performing in history, and two titans of power under the Steel Partner’s umbrella merged together to become something entirely different – something that didn’t exist the day before.
The news was shocking because of its abrupt and unexpected nature. Much like a strike of lightning on an otherwise calm night. However, unlike a destructive lightning strike, this surge of power was more like a fusion reaction, bringing together two entities and forming – the Power Solutions Group (PSG).
We are excited to announce that, effective May 7, 2019, SL Power Electronics (SLPE) and MTE Corporation (MTE) have been joined to form the Power Solutions Group (PSG), led by Tim Croal, Group CEO. This change is consistent with our ongoing strategies to simplify and strengthen Steel Partners’ portfolio of businesses, and to increase opportunities for our employees.
While the SLPE and MTE brands will remain, going forward we will refer to SLPE as Power Conversion Solutions (PCS), and MTE as Power Quality Solutions (PQS). Karim Alhusseini, previously SLPE’s VP of Sales & Marketing, will lead PCS as VP & General Manager and will report to Tim. We intend to announce a VP & General Manager for PQS as soon as possible. In the interim, Tim will act as the VP & GM of PQS.
What’s on the horizon?
For the most part, that is still to be determined. Over the coming weeks, counterparts from both organizations will be meeting to gain insight into one another’s businesses.
Leaders from the two organizations are tasked with identifying any possible synergies that may exist between the two companies, specifically those that can be leveraged to increase the market competitiveness of both entities.
About SL Power
SL Power Electronics (a subsidiary of Steel Partners Holdings L.P.) is a global leader in designing and manufacturing AC/DC power conversion solutions used by Original Equipment Manufacturers (OEMs) in their most mission-critical applications. SL Power’s product portfolio ranges from an extensive selection of standard, modified, and completely custom turnkey solutions. With more than 60 years of experience in the power industry, SL Power offers OEMs superior performance with solutions that are optimized for thermal management, reliability, EMI/EMC, power density, and power efficiency.
SL Power Electronics specifically targets three primary market segments: Medical, LED, and Industrial
In the Medical applications space, SL Power products can be found powering virtually every type of electronic medical equipment, including: Surgical, Patient Monitoring, and Home Healthcare devices.
Within LED applications, SL Power solutions work to Enhance your Experience. SL Power’s line of LED drivers are increasingly being used for Horticultural Lighting applications, having proven their capability powering Stage Lighting and Arena Lighting equipment. SL Power products can be found powering some of the world’s leading entertainment venues, on movie sets and for artistic productions.
For Industrial applications, SL Power’s targeted solutions are integrated with devices that Enable Precision. These include Robotics, Automation, Photonics, Analytical Instruments, Electronic Test, and Analytical Test.
MTE Corporation was formed in 1982 by bringing together Milwaukee Transformer Co., Transformer Design Inc., and Milwaukee Electronics Corp. – companies that specialized in different fields of magnetics and transformer designs and were long established in their respective fields. MTE vaulted into a leadership role in power quality with its unique AC reactor design and passive filter expertise. We continued to grow as a global leader with innovative Harmonic Filters, Motor Protection Filters, and Sinewave Filters.
Now with the addition of TEAL Electronics in 2016, MTE brings a continuum of power quality solutions unmatched in the industry. Building on TEAL’s reputation of high-efficiency transformers and durable power conditioning and distribution units for demanding applications, MTE is building the best power quality company by capitalizing on the individual strength of each while bringing a new dimension in management, marketing, and quality.
Our team of professional design engineers has well over 100 years of collective experience in the industry and is complemented by as much experience in operations. Our engineers utilize state-of-the-art platforms and best-in-class simulation/modeling tools so that new designs meet your needs and the latest compliance standards while improving your bottom line. At MTE, we know power quality because power quality is all we do.