Trystar Acquires Power Electronics Manufacturer Oztek Corp.
Trystar last week announced the acquisition of Oztek Corp., a manufacturer of commercial and industrial power conversion and power electronics products. The acquisition is expected to accelerate Trystar’s strategy to broaden the portfolio of electrical power solutions it can provide for its customers and strengthen its capabilities in renewable energy and battery energy storage systems.
Headquartered in Merrimack, N.H., Oztek products include battery inverters and energy storage power conversion systems, bi-directional DC power supplies, printed circuit power supplies for motor drives and inverters, as well as silicon-controlled rectifier (SCR) controllers and firing boards.
“The acquisition of Oztek Corp. is compelling for several reasons,” said Trystar CEO Andrew J. Smith. “Trystar is at the forefront of electrification, renewables, and power grid resiliency. Adding the Oztek products to our already extensive portfolio of electrical power products will allow us to create more complete, integrated solutions for our customers, particularly in wind, solar, microgrids, and battery storage applications. In addition, both Trystar and Oztek excel at working with customers to address their specific needs and pride themselves in rapidly creating complex, engineered solutions to meet stringent requirements.”
Since 1997, Oztek has been providing power system for OEMs and other companies with solid, scalable and supportive solutions. Through close work with customers, Oztek’s engineering and manufacturing teams have refined how to develop and produce power conversion products that satisfy demanding needs and help ensure their customer’s success. Oztek’s products start out with a well-thought-out design, ensuring that performance, reliability, life, and ease of use expectations can all be exceeded. Oztek is a member of IPC -- The Global Association for Electronics Manufacturing, a trade association whose aim is to standardize the assembly and production requirements of electronic equipment and assemblies -- and leverage IPC standards when not targeting compliance with more demanding requirements.
“Our expertise in the design and manufacturing of power conversion and power electronic products will fit nicely with Trystar’s portfolio of electrical power products and expand its presence in the renewables and battery storage markets,” said John O’Connor, president and CEO of Oztek. “The union of the two companies will strategically enhance product breadth and expand our collective presence in new markets. We look forward to leveraging Trystar’s capabilities to scale operationally and commercially.”
Trystar designs and manufactures a wide range of portable and industrial power products, including panels, I-Lines, transformers, portable automatic transfer switches, and welding racks. Its manufacturing plant in Faribault, Minn., is pictured above.
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Michael Roth
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Michael Roth has covered the equipment rental industry full time for RER since 1989 and has served as the magazine’s editor in chief since 1994. He has nearly 30 years experience as a professional journalist. Roth has visited hundreds of rental centers and industry manufacturers, written hundreds of feature stories for RER and thousands of news stories for the magazine and its electronic newsletter RER Reports. Roth has interviewed leading executives for most of the industry’s largest rental companies and manufacturers as well as hundreds of smaller independent companies. He has visited with and reported on rental companies and manufacturers in Europe, Central America and Asia as well as Mexico, Canada and the United States. Roth was co-founder of RER Reports, the industry’s first weekly newsletter, which began as a fax newsletter in 1996, and later became an online newsletter. Roth has spoken at conventions sponsored by the American Rental Association, Associated Equipment Distributors, California Rental Association and other industry events and has spoken before industry groups in several countries. He lives and works in Los Angeles when he’s not traveling to cover industry events.