May 14, 2023
Trystar, Faribault, Minn., has acquired Oztek Corp., Merrimack, N.H., a manufacturer of commercial and industrial power conversion and power electronics products. The acquisition is expected to accelerate Trystar’s strategy to broaden the portfolio of electrical power solutions it can provide its customers and strengthen its capabilities in renewable energy and battery energy storage systems.
Oztek products include battery inverters and energy storage power conversion systems, bi-directional DC power supplies, printed circuit power supplies for motor drives and inverters, as well as silicon-controlled rectifier (SCR) controllers and firing boards.
“The acquisition of Oztek Corp. is compelling for several reasons,” said Andrew Smith, Trystar CEO. “Trystar is at the forefront of electrification, renewables, and power grid resiliency. Adding Oztek products to our already extensive portfolio of electrical power products will allow us to create more complete, integrated solutions for our customers, particularly in wind, solar, microgrids and battery storage applications. In addition, both Trystar and Oztek excel at working with customers to address their specific needs and pride themselves in rapidly creating complex, engineered solutions to meet stringent requirements.”
Since 1997, Oztek has been providing power system Original Equipment Manufacturers (OEMs) and other companies with solid, scalable and supportive solutions.
“Our expertise in the design and manufacturing of power conversion and power electronic products will fit nicely with Trystar’s portfolio of electrical power products and expand its presence in the renewables and battery storage markets,” said John O’Connor, president and CEO, Oztek. “The union of the two companies will strategically enhance product breadth and expand our collective presence in new markets.”
