Rotomag Secures Majority Stake in Statcon to Boost Power Converter and Clean Energy Capabilities – EQ
In Short : Rotomag has acquired a 51% stake in Statcon Power Controls, a leading manufacturer of power converters. The acquisition strengthens Rotomag’s presence in the renewable energy equipment space, enhancing its capabilities in solar, wind, and energy storage solutions. This move aligns with Rotomag’s strategy to expand technologically and support India’s growing clean energy transition with advanced power electronics.
In Detail : Rotomag has taken a significant step in strengthening its position in the renewable energy equipment sector by acquiring a 51% stake in Statcon Power Controls, a well-known power converter manufacturer. This strategic acquisition highlights Rotomag’s intent to diversify its offerings and integrate advanced power electronics into its portfolio of clean energy solutions.
Statcon Power Controls is recognized for its expertise in designing and manufacturing power converters that are widely used across solar, wind, and energy storage projects. With this acquisition, Rotomag gains access to proven technology, skilled talent, and a product range that complements its existing strengths in renewable energy equipment manufacturing.
The move also reflects the growing importance of power electronics in enabling the efficient functioning of renewable projects. Power converters play a vital role in stabilizing and regulating energy flows, making them critical for hybrid systems, grid integration, and energy storage. Rotomag’s entry into this space strengthens its role as a holistic solutions provider.
By acquiring majority control, Rotomag ensures that it can align Statcon’s operations with its own long-term clean energy strategy. The partnership will allow synergies in product development, innovation, and supply chain management, enabling both companies to scale more effectively in India’s fast-expanding renewable market.
India’s renewable energy transition is creating rising demand for advanced power equipment. With ambitious targets for solar, wind, and hybrid projects, the need for reliable and efficient converters is increasing. This acquisition positions Rotomag to meet that demand and contribute directly to the country’s energy independence goals.
Statcon’s expertise in specialized converter technology also opens opportunities for expanding into international markets. By combining Statcon’s engineering capabilities with Rotomag’s market reach, the companies are expected to jointly explore new geographies where clean energy projects are gaining momentum.
The acquisition is also a boost for innovation in renewable integration. With storage and hybrid systems becoming more common, the role of converters is expanding beyond traditional uses. Rotomag and Statcon can collaborate on next-generation solutions that improve efficiency, reliability, and performance of clean energy projects.
This deal further strengthens Rotomag’s reputation as a company investing in the entire renewable ecosystem rather than focusing on isolated segments. It reflects a long-term commitment to building a strong foundation for India’s energy transition through both equipment manufacturing and technology development.
Ultimately, Rotomag’s majority acquisition of Statcon Power Controls signifies a forward-looking approach to renewable energy growth. By combining their strengths, the two companies are set to play a pivotal role in shaping the future of India’s clean energy landscape while also driving innovation in global markets.
