Comsys AB Completes Acquisition of PowerQ GmbH

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Created on Friday, 16 April 2010 00:00

Comsys today announced the acquisition of Stuttgart based power quality and power converter development company PowerQ GmbH. The acquisition highlights Comsys strategic focus on technological innovation and international expansion to build long-term shareholder value and strengthen customer support in key markets.

"This transaction combines PowerQ's strong competence in advanced power converter design for power quality and an increased presence in the growing central European markets with Comsys already extensive portfolio of power quality solutions", said Peter Ström, Executive Deputy Chairman of Comsys."Heiko Vachek and his team have done an impressive job of nurturing the domain knowledge and have created significant value. We are pleased to bring this talent and these great assets to Comsys."

"Comsys is the perfect home for PowerQ's know how, solutions and products. Given our good strategic fit, the combination of our forces will bring significant opportunities for fast growth and more cost efficient product platforms," said Heiko Vachek, PowerQ's Chief Technical Officer."This was an unparalleled opportunity for us and it was too good to pass."

Commenting on the announcement Lars Frithiof, Chairman Comsys AB said, "being provided with a platform such as PowerQ will enable us to serve the German and central European markets more efficient and to continue our expansion by increasing our ambitions in a very progressive region."

PowerQ GmbH, has extensive experience in Power Quality, energy analysis and advanced power converter design.The company was founded by Heiko Vachek after leaving a position as partner and CTO of an R&D company in mid 2006 where Vachek focused on power converter design and development of active power filter products for the broadcasting industry, data centers and wind power. PowerQ GmbH has customers such as BMW, Bosch and Vestas Wind on their customer reference list.

With the acquisition, PowerQ GmbH becomes a wholly owned subsidiary of Comsys. Operations will be coordinated to maximize the performance of both Comsys and PowerQ.

For more information please contact:

Marcus löfgren,

CEO Comsys AB ,
Tel: +46-46-286 35 03

Lars Frithiof,

Chairman Comsys AB

Tel: +46-705-81 10 77

Comsys AB specializes in energy optimization and helps clients to resolve power quality problems in low and medium voltage electrical systems. Comsys develops, manufactures and markets the patented digital energy optimization technology ADF. It reduces energy consumption, increases production capacity, resolves production disturbances, and reduces maintenance and refit costs in a wide array of processes and applications. The ADF product line ranges from 100 kVA and upwards to several MVA. For more information, please visit: www.comsys.se

Comsys AB – Ideon Science Park – SE-223 70 Lund – Sweden - Tel:+46(0)46-286 35 00 - Fax:+46(0)46-286 35 05 – This email address is being protected from spambots. You need JavaScript enabled to view it.

Comsys Combats Flicker and Stops Flashing Lights in Belgium

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Created on Friday, 05 February 2010 00:00

The IDEON company Comsys AB in Lund has been commissioned by the Belgian manufacturer Henrad radiators to eliminate their problems with flashing lights in surrounding buildings due to flicker. A problem that increases in stressed electricity grids in both Sweden and the rest of the world.

Henrad is Belgium's largest producer of radiators with a production site of 55 000 m² and a daily production volume of around 5 000 radiators. In the manufacture of radiators various types of welding is used, which is very energy intensive and puts high requirements on the power grid.

"Henrad turned to three different suppliers, including Comsys, for a solution. After evaluation Henrad selected us because of our unique knowledge in the active energy optimization field. Knowledge that few other companies possess," says Marcus Löfgren, CEO for Comsys AB.

Welding is one of the most dynamic loads in industry and often create concerns with instability in the grid. People believe that the flashing lights are very distracting. When Laborelec, a well known Belgian consulting firm, performed measurements at Henrad's facility, it was far above the threshold for what is approved in Belgium with regard to flicker.

- The order value of our solution is just over SEK 2 million and we expect additional orders, both in Europe and the rest of the world in 2010, says Marcus Löfgren.

For more information contact:

Marcus Löfgren
CEO Comsys AB
Tel: 046-286 35 03

Rickard Jacobson,
Account Manager Comsys AB
Tel: 046-286 35 09

Comsys AB specializes in energy optimization and helps clients to resolve power quality problems in low and medium voltage electrical systems. Comsys develops, manufactures and markets the patented digital energy optimization technology ADF. It reduces energy consumption, increases production capacity, resolves production disturbances, and reduces maintenance and refit costs in a wide array of processes and applications. The ADF product line ranges from 100 kVA and upwards to several MVA. For more information, please visit: www.comsys.se

Power Quality Problem in Tranemo Solved After 30 Years of Arbitration

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Created on Friday, 05 February 2010 00:00

The cause of the dispute has been interference in the form of flicker which occurs in Östra Kind's power grid, due to the production of welded steel grids at JH Tidbecks AB.

JH Tidbecks manufactures grids and wire mesh for the process industry. The process involves large welders which briefly causes voltage drops in the network around Ljungsarp in the county of Tranemo. These voltage dips causes lights to flash in households and are perceived as very disruptive to the population in the area around the industry. The public has thus called for measures to be taken towards the Utility Östra Kinds, who in turn has been forced to make demands on Tidbecks to solve the problem. The discussions of the problem intensified in 2004 and numerous consultants and experts have since been engaged to find a suitable solution.

It took until late 2009 before a product that could solve the problem was found, and in January 2010 Tidbecks decided to invest in an ADF energy optimizer from Comsys AB.

"Problems with the voltage disturbances caused by flicker is a huge growth market for us and globally we expect these problems to become more and more common due to lack of capacity in the existing power grid infrastructure," says CEO Marcus Löfgren.

Comsys has quickly become one of the leaders in the Power Quality field and is currently represented by partnerships in Europe, Asia and the Middle East. Entry into the North American energy market is planned in late 2010.

For more information contact:

Marcus Löfgren
CEO Comsys AB
Tel: 046-286 35 03

Rickard Jacobson,
Account Manager Comsys AB
Tel: 046-286 35 09

Comsys AB specializes in energy optimization and helps clients to resolve power quality problems in low and medium voltage electrical systems. Comsys develops, manufactures and markets the patented digital energy optimization technology ADF. It reduces energy consumption, increases production capacity, resolves production disturbances, and reduces maintenance and refit costs in a wide array of processes and applications. The ADF product line ranges from 100 kVA and upwards to several MVA. For more information, please visit: www.comsys.se

CEO Succession – Entering a New Era

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Created on Thursday, 30 July 2009 00:00

Peter Ström has, as principal founder, been the entrepreneurial leader since the start in 1996 and the Board recognises the significant contribution made by Peter who has successfully led the Company through a period of growth and development since the start.

As the company moves into a more market driven phase, leaving the entrepreneurial development stage, a more market focused leadership is required to put the organization and business development to the next level of continuing success and growth.

As part of a succession plan, Marcus Löfgren was recruited in December 2008 with a solid background in international sales and marketing from former positions held at Siemens, TDC and Ericsson. Marcus has been Marketing manager since joining Comsys December 2008 and the board has jointly decided to promote Marcus to Chief executive officer in effect from 1st of August 2009.

Peter has been promoted to Executive deputy Chairman and will in this new capacity continue to help the organization and CEO on a daily basis as well as focus on business development strategies.

"Marcus was the obvious choice for us, with strong competence in marketing strategy from well reputed international companies and a clear view of the way forward. I feel confident to turn over the operative responsibility to Marcus," Peter Ström says.

Commenting on the appointments, Lars Frithiof, Chairman, said: "We are delighted to promote Marcus to Chief executive. He has made a considerable mark on the business since joining Comsys and is well equipped to take the business through to the next stage. Furthermore we are delighted to retain Peter's phenomenal business and industry knowledge in his new role which will be key for the Company going forward."

For more information please contact:
Lars Frithiof,
Chairman Comsys AB
Tel: +46-705-81 10 77

Marcus Löfgren,
CEO Comsys AB 
Tel: +46-46-286 35 03

Comsys AB specializes in energy optimization and helps clients to resolve power quality problems in low and medium voltage electrical systems. Comsys develops, manufactures and markets the patented digital energy optimization technology ADF. It reduces energy consumption, increases production capacity, resolves production disturbances, and reduces maintenance and refit costs in a wide array of processes and applications. The ADF product line ranges from 100 kVA and upwards to several MVA. For more information, please visit: www.comsys.se

Comsys AB – Ideon Science Park – SE-223 70 Lund – Sweden - Tel:+46(0)46-286 35 00 - Fax:+46(0)46-286 35 05 – This email address is being protected from spambots. You need JavaScript enabled to view it.