Phillips Connect Technologies (PCT), has acquired Fortech Poland – a manufacturer and distributor of 24 volt electrical connectors and cables for commercial vehicles in the EU market.
The newly formed company will be identified as Phillips Fortech Poland.
Jacek Pekala, the founder of Fortech Poland, will serve as president of the management board of the new company.
Fortech Poland manufactures and distributes a similar line of commercial vehicle electrical components as those produced by Phillips Industries in North America, throughout the EU. In addition to the similarity of the two businesses, the strong management and entrepreneurial spirit of Fortech Poland singled them out as an excellent acquisition for Phillips to establish a more significant manufacturing, distribution and R&D presence in Europe.
Phillips Industries has been providing Daimler AG electrical/trailer cables for their Mercedes-Benz trucks in Europe. Current capacity, as well as planned growth at the Phillips Fortech Poland manufacturing site, will further support domestic production of components for various customers throughout the region.
“We’ve been planning for this expansion into the EU market for some time, but needed to be sure it met our stringent criteria for quality products and excellent customer service,” said Phillips Industries President and COO, Rob Phillips. “By acquiring Fortech Poland, we’ve met that goal and will now be able to better serve current Phillips customers in Europe and future end-users, OEM’s and aftermarket customers in this market. We’re excited to fully develop the Phillips Fortech Poland capabilities to further our global growth.”