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Clear out junk files and repair common Windows errorsFree Scan →Fix the driver behind crashes, sound loss and screen glitchesFind Drivers →Power-One announced an agreement in late March 2000 to acquire Powec AS, a Norwegian supplier of power systems for telecommunications service providers and equipment manufacturers. Contemporary reports described the consideration differently: one account called it a $78 million acquisition while also listing assumed debt, and another described about $78 million paid for Powec’s common stock. The available reports do not establish a closing date or reconcile those valuation descriptions.
What Power-One announced
EE Times reported on April 4, 2000, that Power-One had agreed the previous week to acquire Powec AS. A separate trade report dated April 2 described a definitive agreement. Powec supplied power systems used by telecom service providers and equipment manufacturers.
The announcement was an acquisition agreement, not evidence in these reports that the transaction had already closed. Neither account supplies a definitive completion date.
Why the companies said the deal made sense
Different installation scales
Power-One said Powec’s products were aimed at small and medium-size telecommunications installations, complementing HC Power’s focus on larger installations. Bill Yeates, Power-One’s president and chief operating officer, said: “There’s almost no overlap in product lines between the two companies.”
#1 Best Overall
- 80 PLUS GOLD CERTIFIED
- 10-year limited warranty, guaranteeing long term reliable operation
- Fully modular design
- ATX 3.1 & PCIE 5.1
Complementary sales geographies
The reports described Powec’s European and Asian sales channels as complementary to Power-One’s North American telecom channels. Steve Goldman, Power-One’s chief executive and chairman, said: “This acquisition positions Power-One as one of the few power-supply companies that can service both the OEM-equipment manufacturer and service-provider segments of the telecom market on multiple continents.”
Powec managing director Jan Henrik Bryde said: “This transaction will provide Powec with access to additional global sales channels and leading-edge products, which will enable us to further capitalize on the growth of the communications market.”
Rank #2
- Fully Modular: Reliable and efficient low-noise power supply with fully modular cabling, so you only have to connect the cables your system needs.
- Cybenetics Gold-Certified: Rated for up to 91% efficiency, resulting in lower power consumption, less noise, and cooler temperatures.
- ATX 3.1 Compliant: Compliant with the ATX 3.1 power standard from Intel, supporting PCIe 5.1 and resisting transient power spikes.
- Native 12V-2x6 Connector: Ensures compatibility with the latest graphics cards with a direct GPU to PSU connection – no adapter necessary.
- Embossed Cables with Low-Profile Combs: Sleek, ultra-flexible embossed cables look great and make installing and connecting the RMx a breeze.
How much was Powec worth?
The contemporaneous accounts use different descriptions of the consideration. The figures below should not be combined into an inferred enterprise value.
| Source and description | Reported consideration | Important qualification |
|---|---|---|
| EE Times, April 4, 2000 | $70 million cash plus 140,340 Power-One common shares valued at about $8 million | The article also says Power-One assumed $8 million of Powec debt and separately characterizes the acquisition as a $78 million deal. It does not explain whether the assumed debt is included in that headline figure. |
| April 2, 2000 trade report | About $78 million for all of Powec’s common stock, consisting of approximately $70 million cash and 140,340 Power-One shares | The available report text does not mention assumed debt. |
Because the reports define the transaction differently, the safest description is attribution: EE Times called it a $78 million acquisition while itemizing cash, shares and assumed debt; the April 2 report called it about a $78 million payment for Powec’s common stock.
Rank #3
- 80 PLUS GOLD CERTIFIED
- 10-year limited warranty, guaranteeing long term reliable operation
- Fully modular design
- ATX 3.1 & PCIE 5.1
Powec’s customers and market reach
EE Times named Ericsson Telecom AB, Hong Kong Telecom, Nokia and TeleDanmark among Powec’s customers. In the Americas, it identified Ericsson Inc., Motorola Inc. and Nokia U.S. as OEM buyers.
EE Times also projected Powec’s sales at about $70 million for 2000, based on revenue during the first three months of that year. That was a projection, not a reported full-year result.
Rank #4
- Fully Modular: Reliable and efficient low-noise power supply with fully modular cabling, so you only have to connect the cables your system needs.
- Cybenetics Gold-Certified: Rated for up to 91% efficiency, resulting in lower power consumption, less noise, and cooler temperatures.
- ATX 3.1 Compliant: Compliant with the ATX 3.1 power standard from Intel, supporting PCIe 5.1 and resisting transient power spikes.
- Native 12V-2x6 Connector: Ensures compatibility with the latest graphics cards with a direct GPU to PSU connection – no adapter necessary.
- Embossed Cables with Low-Profile Combs: Sleek, ultra-flexible embossed cables look great and make installing and connecting the RMx a breeze.
Power-One’s separate Crane transaction
Alongside the Powec agreement, Power-One agreed to acquire Crane Co.’s telecommunications product line for $14 million in cash. Crane held distribution rights for Powec products in the Americas, according to EE Times; the April 2 trade report also linked Crane’s distribution rights and telecommunications relationships to the two transactions.
This $14 million purchase was a distinct transaction from the acquisition of Powec AS, even though it addressed related distribution and telecom-product activities.
Best Value
- Delivers 600W Continuous output at plus 40℃. Compliance with Intel ATX 12V 2. 31 and EPS 12V 2. 92 standards
- 80 PLUS Certified – 80% efficiency under typical load. Power good signal is 100-500 millisecond
- Supports (2) PCI-E 6 plus 2pin Connectors. Active (PFC) Power Factor Correction, MTBF: 100, 000 hours
- Industry Grade Protections: (OPP) Over Power Protection, (OVP) Over Voltage Protection, (SCP) Short Circuit Protection
- Hold up time is 16 millisecond minimum within 60 percent load. Input frequency range 50 - 60 in Hz
What later records do—and do not—show
A Power-One SEC subsidiary exhibit from 2013 lists “Power-One AS” in Norway. That establishes that a Norwegian entity with that name appeared in a later subsidiary list, but it does not by itself prove when the Powec transaction closed or establish the legal continuity of Powec AS.
ABB reported completing its acquisition of Power-One on July 25, 2013. That later ownership event provides corporate context, but it does not resolve the 2000 consideration discrepancy or supply a closing date for the Powec agreement.
Bottom line on “Power-One secures Powec AS”
The phrase refers to Power-One’s announced 2000 agreement to acquire Powec AS, a Norwegian telecom power-systems supplier. The strategic case rested on complementary installation segments and geographic channels: Powec served smaller and medium installations through European and Asian channels, while Power-One and HC Power brought larger-installation capability and North American telecom reach. The reported price was approximately $78 million, but the period accounts differ over how that figure relates to the share consideration and $8 million of assumed debt. Power-One also agreed separately to buy Crane’s telecommunications product line for $14 million.
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