Industrial drive manufacturer expands to the Heartland with acquisition

Saftronics, Ft. Myers, Fla., recently expanded its reach in the AC and DC industrial drive market wth the acquisition of Fincor Electronics. The company currently maintains a network of engineering centers in the Southeast and Northwest and will now bridge the gap with Fincor’s locations in the Midwest.

Terms of the deal weren’t disclosed.

Saftronics became interested in York, Pa.-based Fincor while providing it with drive products as part of an alliance with Colfax Corp., the previous parent company of Fincor.