Global liquidation specialists Maynards have undertaken the sale of the complete contents of VRT Power in Israel.
The project will include logistics partners offering turnkey solutions to relocate and recommission equipment and test facilities.
The sale creates a unique opportunity for manufacturers of power transformers – particularly in countries with fast-developing economies where demand is high – to augment facilities and production by acquiring assets from a leading global development, design, manufacturing and test company of power, distribution, mobile, rectifier & furnace transformers.
Founded in 1948, VRT Power has supplied 1,500 power transformers, with additional specialist production of mobile substations and distribution transformers. It has an extensive customer base in the United States, where it exports 70% of its production, and registers annual sales of tens of millions of dollars.
Now VRT Power is to divest the assets as it closes its factory close to Tel Aviv airport and ceases operations.
Those assets include manufacturing capabilities up to 800MVA 500kV and mobile substations of 50MVA 230kV. The facility includes a complete High Voltage 1,600m2 test laboratory, enabling design and test specifications in accordance with IEC, IEEE, ANSI, CSA and other applicable international standards.
The sale will include all manufacturing and test equipment, cranage, IP, stock, trade names and design specifications.