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Power Gems Takes Significant Stake in US Company

Details: 14 March 2016

Manchester-based Power Gems has grown over the last eight years to become the world's largest independent designer and manufacturer of electronic power supplies for the motion picture lighting industry. PLASA Publishing has learnt that the company has entered into a strategic alliance with US-based Warner Power LLC, and as a result, is now expanding its technology into industrial and medical markets. Power Gems investment has secured a 49.9% shareholding in Warner Power, a management buy-out of WPI Electronics Inc and WPI Power Conversions Inc, with a combined $20million turnover.