CO. WEXFORD, Ireland – Designer and distributor of electronic power supplies, Traco Power Solutions, on Thursday marked its 30th anniversary of doing business in Wexford, Ireland.
The event was attended by the company’s owner Rolf Caspar and other senior company leaders, and by Brendan Howlin TD, who officially opened the company when it established operations in Wexford in 1989, trading as Convertec Ltd.
Dr. Werner Wolfle and Hans Caspar arrived in Wexford in 1989 to establish a facility to manufacture DC-DC converters for sale through its Swiss distribution company, Traco Electronic AG and its German distribution company Comptec GmbH.
The company is now owned by its immediate parent company, Traco Electronic AG, a Swiss company with headquarters based in Baar, Switzerland. Founded in 1944, the company is still owned today by the fourth generation founding family
Operating in Ireland as Traco Power Solutions Ltd, its main activities are the design and distribution of power supplies.
“We started with a factory and a small development team and, over time, put more emphasis on development while increasingly delocalising production as a result of cost pressures. We continue to find favourable conditions in Ireland and look forward to assuming more responsibility for the development of the product portfolio of the Traco Power Group,” Rolf Caspar said Thursday.
“Thirty years ago I was embarking on a career in politics, just as Convertec was breaking new ground in Wexford. Thankfully both endeavours have proven successful. Longevity in business is to be celebrated. Convertec, now Traco Power Solutions, is a welcome permanent feature of Wexford’s manufacturing landscape. I believe that the confidence displayed thirty years ago by Dr Werner Wolfle and Hans Caspar in coming to Wexford has been well justified,” Brendan Howlin said Thursday.
IDA Ireland’s Denis Curran, Divisional Manager, Regional Business Development, who also attended the event, said: “Traco Power’s story in Ireland has been one of continuous transformation and innovation which has resulted in its longevity. A company’s 30th anniversary is a significant milestone. Congratulations to the employees here in Wexford who have made a huge contribution to the company’s success. I’d like to thank Mr. Rolf Caspar for his commitment to Wexford and the region and wish him, new Managing Director Luis De Sousa and his team continued success.”
Retired Managing Director of Traco Power Solutions, Dr Werner Wolfle talked about the many changes the company has gone through over the last 30 years and quoted Giuseppe Tomasi di Lampedusa: “If we want everything to stay as it is, we have to allow everything to change.”
Managing Director of Traco Power Solutions, Luis De Sousa said: “Traco Power Solutions have gone through several decades of global competition and delocalization of industrial jobs. It has survived and is one of the few power supply companies remaining in Ireland. I’m really impressed and I will have to preserve this legacy as the new Managing Director. I foresee an amazing future at Wexford for Traco Power with sustainable growth, competitive technologies and skilled jobs.”