Gowanda Components Group’s (GCG) CEO Don McElheny stated, “Dyco Electronics excels in designing custom magnetics for high reliability and high performance applications, much like our Gowanda Electronics business unit. Dyco’s expertise with laminated transformers, planar transformers and specialized solutions will enhance GCG’s ability to address the toughest challenges facing design engineers in the global markets we serve.”
Terms of the deal were not disclosed but GCG has stated that Dyco Electronics’ operations will remain in Hornell, NY. In addition to Hornell, GCG has three other production facilities located within the United States. This is the sixth acquisition for GCG within the last five years.