TMC Transformers announces the acquisition of the Power Transformers division of RITZ instrument transformers GmbH.
Busto Arsizio June 22, 2021
TMC Transformers S.p.A. a leading manufacturer of medium and low voltage dry type transformers and reactors for special applications, such as drives, railway rolling stock, offshore, mining, renewable energy and oil & gas, through its German office, based in Frankfurt, announces the acquisition of the Power Transformers division of RITZ instrument transformers GmbH. This important strategic investment shall enable TMC to:
expand its special transformers offering;
meet the demands of rapidly-growing markets and applications.
In addition to the know-how and to the different technology transferred from RITZ, that will bring strong benefit to the company and its customers, TMC has also signed a cooperation and commercial agreement with RITZ Group: this strategic partnership will strengthen TMC Transformers’ business and expertise, expanding the company influence and presence globally, enlarging the product portfolio. The acquisition of RITZ follows those of Marnate Trasformatori, Officine Tironi and the imminent opening of the new plant TMC Low Voltage in Fabro.
RITZ is a global market leader for Instrument Transformers, Cast Resin Applications, Cast Resin Insulated Busbar Systems and Cast Resin Insulated Power Transformers. RITZ boasts no fewer than seven production facilities across Europe, China and the United States of America.
Their customers include blue chip companies from the fields of energy supply and electronics from all corners of the globe. Ritz Transformers technology, which includes the extensive use of fiberglass insulation, class H resin systems, specialty conductors and UL certification, combined with TMC's existing experience and expertise, will ensure to the market a technologically advanced solutions, especially for all installations exposed to really polluted environmental conditions.