Solcon IGEL

Company Overview

Snapshot

Founded in June 1977, Solcon IGEL operates with 11–50 employees. The company was acquired by Fortissimo Capital in June 2012, following its initial public offering in July 2010.

Business overview

Solcon IGEL specializes in developing motor control and protection solutions for various industries, including HVAC, Marine, Mining, Oil & Gas, Process industries, and Water management. Their product portfolio encompasses Direct Online Starters for medium voltage motors, DC-DC Converters for custom applications, and Soft Starters designed to manage inrush current for smooth motor start-ups. The company also provides comprehensive motor control and protection devices and customizable switchgear cabinets built to IEC standards, operating within the Industrial Technologies sector.

Strategic signal

In July 2021, Solcon IGEL acquired IGEL Electric, a strategic move that combined their expertise in motor control and protection. This acquisition signifies Solcon IGEL's commitment to expanding its market presence and enhancing its product offerings through consolidation, positioning the company for broader reach and integrated solutions in the industrial technologies sector.

Company Intelligence Q&A

When was Solcon IGEL founded?

Solcon IGEL was founded in June 1977.

When was Solcon IGEL acquired?

Solcon IGEL was acquired by Fortissimo Capital in June 2012.

Did Solcon IGEL go public?

Solcon IGEL completed an Initial Public Offering (IPO) in July 2010 on the TASE.

What was a significant corporate action by Solcon IGEL in 2021?

In July 2021, Solcon IGEL acquired IGEL Electric, combining their operations to form the Solcon-IGEL Group.

When did the merged Solcon-IGEL Group launch its new website?

The merged Solcon-IGEL Group launched its new website in August 2022, following the acquisition of IGEL Electric by Solcon Industries in July 2021.