SL Power Electronics and MTE Corporation Join Together to Form New Power Solutions Group
On May 7, 2019, Steel Partners Holding LP announced that SL Power Electronics (“SL Power”) and MTE Corporation (“MTE”) have joined forces to become the new Power Solutions Group (PSG). SL Power is an industry leader in Power Conversion Solutions (PCS) for critical Medical, LED Lighting, and Industrial applications. MTE is an industry leader providing effective, robust, Power Quality Solutions (PQS) for the Medical, Oil & Gas, HVAC, Semiconductor and Industrial market segments. The new PSG group will be led by Tim Croal, who formerly served as President of SL Power Electronics.
Bringing SL Power and MTE together will provide opportunities to further accelerate performance as well as employee and organizational development. While the SL Power and MTE brands will remain, Croal’s focus for the new PSG group will be to streamline the businesses to ensure efficient and agile customer service and manufacturing while driving strong organic, profitable growth through continued investments in new product development and market share expansion.
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. For more information, please visit www.slpower.com.
About MTE Corporation
MTE Corporation is an international supplier of power quality solutions designed to improve the reliability of power electronic systems and variable frequency drives. MTE designs, manufactures, and distributes Matrix® AP Passive Harmonic Filters, RL and RLW Reactors, DC Link Chokes, dV Sentry™ and SineWave Guardian™ Motor Protection Filters, TEAL® Power Conditioning and Distribution Units, plus custom magnetic products that solve power quality problems in a broad range of applications. MTE Corporation is an operating company within the Diversified Industrial Segment of Steel Partners Holding L.P. For more information, please visit www.mtecorp.com.