# Axciss Group acquires VRT Power assets

Axciss Group, parent of Drekan, acquired all assets of Israeli electrical transformer manufacturer VRT Power, including production equipment and intellectual property (excluding US). The deal aims to relocate production to Europe.

- Type: Acquisition
- Announced: 2021-04-16
- Where: near Tel-Aviv, Israel
- Status: announced
- Products: electrical transformers, high-voltage transformers, power rectifiers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [VRT Power](https://endata.com/companies/47391.md) (target)
- [Axciss Group](https://endata.com/companies/54515.md) (acquirer)

## Sources

- [lesechos.fr](https://www.lesechos.fr/pme-regions/hauts-de-france/materiel-electrique-axciss-se-renforce-avec-lisraelien-vrt-power-1307493), 2021-04-16: "Sa maison mère, Axciss Group, a annoncé, ce vendredi, avoir fait l'acquisition de l'ensemble des actifs de VRT Power, un fabricant israélien de transformateurs électriques."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.