Powervar Inc is a privately held corporation based in Waukegan, Illinois, manufacturng high-end power quality solutions for mission critical applications in healthcare, manufacturing, and other industries. Its customers are manufacturers and resellers of high technology systems used in healthcare, digital printing, semiconductor manufacturing, retail POS, and other commercial applications. The company received a 2004 Frost and Sullivan award for customer segment penetration in the healthcare marketplace. Victor Pavona, ETA National Sales Manager states, "We did our homework. When we approached Powervar, we already knew that they had an excellent reputation for products and service. We think this will be a win/win for everyone involved."
Powervar will operate ETA Systems as a wholly owned subsidiary of Powervar and will continue to do business under the ETA Systems name. Powervar's president and CEO, George Lannert says: "Our intention is to manufacture ETA's products at our Waukegan facility while maintaining the ETA business model, product family, sales force and distribution channel."
Dennis Ver Mulm, Powervar's director of marketing concludes: "ETA's product family supported by Powervar's experience, low cost manufacturing, product logistics, and marketing acumen will allow ETA Systems to compete very aggressively."
(Cheryl Constable)
