Investment Date
December 2007
Vertical
Technology
Fund
GCP II
Investment Status
Prior
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Vincotech

In December 2007, The Gores Group acquired 100% of Tyco Electronics’ Power Systems which comprised two entities: Lineage Power and Vincotech. Lineage Power provided power supply products and services to communications service providers and telecom and datacom OEMs; Vincotech provided power modules used in industrial applications, GPS products and electronic manufacturing services.

Highlights
  • Lineage Power and Vincotech were formerly part of Tyco Electronic’s Power Systems business
  • Vincotech provided power modules and other technologies used in industrial, automotive, and GPS applications
  • Based in Germany with manufacturing operations in Hungary and China


Initiatives
  • Carved-out the Power Systems business from parent company, Tyco Electronics, and separated Lineage Power and Vincotech into two distinct companies
  • Grew Vincotech as a stand-alone business
  • Strategically repositioned business to focus on small and medium-sized enterprise customers in the industrial drives and solar power market
  • Exited Vincotech’s low margin telematics business
  • In December 2010, Gores successfully exited Vincotech in a sale to Mitsubishi