The Gund Company Acquires Minority Stake in Powercam Electricals Pvt Ltd
SAINT LOUIS, March 1, 2024
The Gund Company Acquires Minority Stake in Powercam Pvt Ltd.
The Gund Company, a global leader in engineered material solutions for electrical insulation and structural components, is proud to announce the successful acquisition of a minority ownership stake in Powercam Electricals Pvt Ltd, located in New Delhi, India.
This strategic investment marks a significant milestone in a partnership that began in 2012, when Powercam first became a supplier to The Gund Company. “Our relationship with Powercam has been instrumental in expanding our molded product and assembly offerings,” said Mike Moran, Executive Vice President of Business Growth at The Gund Company. “This investment secures the future of our collaboration and opens new opportunities for growth in North America, India, and beyond.”
“This partnership is a powerful step forward,” said Diego Legorreta, Director of the Switchgear market. “We’re strengthening our supply chain and product innovation pipeline while opening up new opportunities for growth in key markets. I’m proud of this partnership and look forward to the progress we’ll make together.”
About Powercam Electricals Pvt Ltd: Under the Powermat brand, Powercam Electricals Pvt Ltd was incorporated in the year 1990 with the objective of providing quality components for Electrical Control Panels, Distribution Boards, EV Charging Station & Bus Ducts.
Headquartered out for New Dehli, having extensive sales offices throughout India and with an state of the art facility in Bahadurgarh, Powermat plans to expand both in the booming Indian market and globally, with the partnership with The Gund Company.
For more information on Powermat, please visit: https://www.powermatindia.com/
About The Gund Company
The Gund Company is an industry-leading, vertically integrated manufacturer and fabricator of engineered material solutions. There are over 850 Gund Company employees across our global locations in the Americas, Europe, and Asia. Headquartered in St. Louis, Missouri, The Gund Company is a 4th generation family-owned business that is 30% employee-owned. For more information, visit our website at www.thegundcompany.com.
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For additional information on The Gund Company, Powercam, or The Gund Company’s minority acquisition of Powercam, please contact:
Mike Moran
Executive Vice President of Business Growth
The Gund Company
Telephone: 314-492-4800