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CHANNEL ISLANDS, Calif., Nov 05, 2009 /PRNewswire via COMTEX/ -- Vortech Engineering, LLC has teamed with Opcon, AB, a Swedish company, to form a new company, VORTECH THREE, Inc., with an expanded technology portfolio and an international market capability.
Vortech Engineering, LLC, a privately held manufacturer of centrifugal compressors for the automotive OEM and aftermarket as well as the industrial and aero segments, has formed an alliance with Stockholm based Opcon. All shares of subsidiary Lysholm AB, will be transferred to the new company. Lysholm is a manufacturer of positive displacement "twin-screw" compressors for automotive OEM and aftermarket segments as well as marine markets. Vortech Engineering's ownership retains majority interest of the new company.
The new firm will be called Vortech Three, Inc. and will provide leadership for the two operating companies: Lysholm/Vortech, which will sell both the centrifugal and screw type PD technology to the transportation sector, and Vortron, a former division of Vortech, which will manufacture industrial and electric powered compressors for the hybrid powered vehicle, aero, and industrial segments.
The advanced twin-screw compressor technology accessed from Opcon by Vortech Three as part of the deal will push Lysholm/Vortech into a world leadership position with both state of the art centrifugal and twin-screw positive displacement compressors for the auto aftermarket and OEM market segments.
"This was a great opportunity for us. Opcon wanted to focus on their green energy business, which opened the way for the deal to occur. We not only get a great existing product and technology, but also access to new technological developments in the future and increased market share," said Jim Middlebrook, President and CEO of Vortech Engineering.
Vortech Three, through its operating companies, is poised for world-wide manufacturing and distribution of many of its products. 2010 will find Vortech products in multiple continents from its headquarters in Channel Islands, California, USA. Visit www.vortechsuperchargers.com.
SOURCE Vortech Engineering, LLC URL: http://www.vortechsuperchargers.com www.prnewswire.com Copyright (C) 2009 PR Newswire. All rights reserved -0- KEYWORD: California INDUSTRY KEYWORD: AUT SUBJECT CODE: JVN
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