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:

2020BEWATECDigital Hospital Communication
2019Mei Hui Machinery Co., Ltd (MyHome)Furniture fittings manufacturer
2016ISMETTransformers, chokes
2015Wijdeven50Hz and high-frequency transformers, coils and power supplies
2014RedurInstrument transformers for low-voltage applications and measurement transducers
2014PM Special Measuring SystemsHigh-precision measuring systems for electrical current
2011PlatthausAir-core transformers, filters and chokes for grid feed-in
2010Okin RefinedLinear drives for the furniture and care industry
2010LohseToroidal strip-wound and air-gap cores for use in toroidal transformers and chokes for inverters
2009OkinLinear drives for seating and bedding and office solutions
2008WIENERPower supply systems and radiation hard backplanes
2008DatatelTransformers and chokes for solar inverters
2007Leonhardy/MCTSwitches, plug connectors, backplanes
2002Hartmann ElectronicBackplanes
1998Götz-Udo HartmannInductive components
1992DewertLinear drives for hospital and care industry
1989PTRPlug connectors, terminal clamps
1987RK Rose+KriegerTerminal components, aluminium profiles, assembly systems, linear drives
1985Hartmann CodierCoding switches

Financing strategy

Phoenix Mecano finances its acquisitions and capital expenditure largely from its cash flow, without needing to raise new capital.

Purchases of tangible and intangible assets totalled EUR 41.9 million and EUR 5.3 million respectively in 2022. The largest single investment was the construction of a new industrial complex in Jiaxing, China, for which work began in 2020. The first production areas were relocated to the completed sub-complex in late 2022.

Cash flow and investments

Cash flow and investments in EUR million

 202320222021 20202019201820172016
Cash flow from operating activities90.055.954.8 27.843.637.937.148.7
Investments40.447.229.6 27.826.125.626.023.9

Investor Informations

For any further information please contact:

Investor Relations
Rochus Kobler, CEO

Phone +41-(0)43-255 4 255

Corporate Communications/Investor Relations
Philipp Eberhard
Phone +41-(0)43-255 4 255

Phoenix Mecano Management AG
Lindenstrasse 23
8302 Kloten

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