# ScandiNova acquires majority share of IECO

ScandiNova Systems AB acquired a majority share of International Electric Company (IECO), a producer of power amplifiers and precision power supplies for healthcare, scientific, and industrial markets.

- Type: Acquisition
- Announced: 2023-04-04
- Status: completed
- Products: power amplifiers, precision power supplies
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [ScandiNova Systems](https://endata.com/companies/23165.md) (acquirer)
- [International Electric Company](https://endata.com/companies/69526.md) (target)

## Sources

- [news.cision.com](https://news.cision.com/nodica-group/r/scandinova-acquires-majority-share-of-ieco--adding-power-amplifiers-and-precision-power-supplies-to-,c3745764), 2023-04-04: "IECO is a perfect match with ScandiNova in terms of offering high-end solutions to the same customer segments."
- [prnewswire.com](https://www.prnewswire.com/news-releases/scandinova-acquires-majority-share-of-ieco-adding-power-amplifiers-and-precision-power-supplies-to-its-product-line-301789598.html), 2023-04-04: "IECO is a perfect match with ScandiNova in terms of offering high-end solutions to the same customer segments."

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