Schaffner acquires American manufacturer of specialty transformers

Media Release

Schaffner acquires American manufacturer of specialty transformers

Integration will strengthen position in the US and in the international market for power magnetics

On 31 March 2014, Schaffner Group acquired from the parent company Transformer Holding LLC the subsidiaries Transformer Engineering LLC (Trenco), Magnetics Technologies LLC and Transformer Real Estate LLC, headquartered in Cleveland, Ohio.

Trenco, founded in 1937, develops and manufactures customized power magnetics solutions, primarily for customers in Schaffner Group’s strategic market sectors: energy-efficient drive systems, rail technology and renewable energies. In 2013 the US company, with 70 employees, generated around CHF 12 million in sales and an EBITDA margin in the mid to upper single digit percentage range. The purchase price of around CHF 9 million will be financed by extending the existing credit lines.

Factoring in the consolidation of Trenco from the second half of fiscal 2013/14, Schaffner Group expects net sales for the current fiscal year to surpass the prior-year figure by 10 to 15 percent. The acquisition costs will have a one-time negative impact of around 0.3 percent on the EBIT margin in 2013/14 and around CHF 0.50 on earnings per share (EPS) in 2013/14. A positive contribution of around CHF 1.00 per share is expected as early as fiscal 2014/15. Even after the acquisition, the equity ratio will remain in excess of 40 percent.

The integration of Trenco strengthens the strategic position of Schaffner’s Power Magnetics division. Schaffner is a global partner of the leading makers of power electronic systems and has moved into the top tier of power magnetic component suppliers worldwide.

Luterbach, 1 April 2014


Tuesday, 1 April 2014 / 2:15 pm

Alexander Hagemann and Kurt Ledermann will discuss the acquisition in a webcast teleconference. To participate in the teleconference, proceed as follows:

Dial the following phone number 10 to 15 minutes before the conference is due to begin:


+41 (0)58 310 50 00


+44 (0)203 059 58 62


+1 (1)631 570 5613

You will be required to provide the following details:
– Last name, First name
– Company/Editorial Team
– E-mail

You will be put on hold until the start of the conference.


The webcast presentation of the acquisition will be available from 2:15 pm on Tuesday, 1 April 2014 at the following link:


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9 December 2014

Publication of Annual Report 2013/14 (full-year results)

15 January 2015

19th Annual General Meeting

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