Acquisitions strategy
In addition to our own product innovation, Phoenix Mecano has traditionally taken over companies in order to facilitate its entry into new sectors of the components market, primarily to accelerate the introduction of new products onto the market, but also in order to reinforce the local market.
Some of the bigger acquisitions in the history of Phoenix Mecano have been:
| Year | Company | Products |
| 2011 | Platthaus | Air-core transformers, filters and chokes for grid feed-in |
| 2010 | Okin Refined | Linear drives for the furniture and care industry |
| 2010 | Lohse | Toroidal strip-wound and air-gap cores for use in toroidal transformers and chokes for inverters |
| 2009 | Okin | Linear drives for seating and bedding and office solutions |
| 2008 | WIENER | Power supply systems and radiation hard backplanes |
| 2008 | Datatel | Transformers and chokes for solar inverters |
| 2007 | Leonhardy/MCT | Switches, plug connectors, backplanes |
| 2002 | Hartmann Elektronik | Backplanes |
| 2000 | OMP | Racks |
| 1998 | Götz-Udo Hartmann | Inductive components |
| 1992 | Dewert | Linear drives for hospital and care industry |
| 1991 | Kundisch | Keyboards |
| 1989 | PTR | Plug connectors, terminal clamps |
| 1987 | RK Rose+Krieger | Terminal components, aluminium profiles, assembly systems, linear drives |
| 1985 | Hartmann Codier | Coding switches |
Financing strategy
Phoenix Mecano finances its acquisitions and capital expenditure entirely from its cash flow, without needing to raise new capital.
Cash flow from operating activities rose to EUR 44.6 million in 2011, compared with EUR 29.4 million in 2010. This was due to the reduced expansion of inventories.
Capital expenditure in 2011 totalled EUR 20.9 million, compared with EUR 19.6 million in 2010. 2011 saw the completion of the photovoltaic production capacity expansion in Hungary. Generally speaking, capital expenditure on manufacturing equipment increased, including on injection moulding technology in Hungary, Romania and China and in machining centres in Germany and Switzerland.
Cash flow and investments
Cash flow and investments in EUR million
| 2011 | 2010 | 2009 | 2008 | 2007 | |
| Cash flow from operating activities | 44.6 | 29.4 | 46.7 | 47.6 | 38.8 |
| Purchases of tangible assets | 20.9 | 19.6 | 12.1 | 18.1 | 18.3 |