October 16, 2015 — Raycap (www.raycap.com) has acquired metal oxide varistor (MOV) developer and manufacturer Varsi (www.varsi.si) in Ljubljana, Slovenia, in an effort to further invest in electrical components manufacturing which are key to the surge protection and power quality industry.
“The addition of Varsi to the Raycap Group demonstrates our commitment to advance the field of electrical protection. It is in Raycap’s immediate plans to invest and grow the operations of Varsi and strengthen its position as an independent MOV supplier to the surge protection industry.” said Dr. Kostas Samaras, CEO of Raycap.
Varsi being the largest European manufacturer of MOV’s, will benefit from an infusion of both capital and resources from the Raycap Group. This will allow Varsi to expand both its manufacturing capacity in Europe as well as to enhance its R&D capabilities and deliver in the future more innovative components for the benefit of the entire industry.
Raycap is a global manufacturer with sales and operations throughout Europe and North America. The company manufactures surge protection products and connectivity solutions for telecommunications, energy markets and other industrial applications. Raycap’s innovative technology is marketed under its Strikesorb®, Rayvoss® and ACData® product brands.
For more information find us on the web at www.raycap.com