N.H.-based ElectroCraft buys Indiana manufacturer
Dover-based maker of motors and sensors adds 300-employee firm to its operations
ElectroCraft Inc., a Dover company that provides small motors and sensors to a variety of industries, has acquired Hansen Corp., a similar company based in Indiana, increasing its worldwide labor force from 400 to 700 employees.
ElectroCraft announced the acquisition last week, but would not disclose the purchase price. A company spokesman did say the expansion would mean more work – and perhaps add more employees – for the 20-person workforce currently at the firm’s Dover headquarters, where research, engineering and management operations are housed.
“We are pleased to welcome Hansen Corp. to the ElectroCraft family,” said Mike Karsonovich, the company’s CEO, in a press release. “Hansen has had a very successful 100-year history and is known throughout the industry for its incredibly high quality … Hansen and ElectroCraft have very complimentary motion control portfolios and the integration of the companies will allow us to better service the project needs of our existing and future customers.”
ElectroCraft – formerly known as EAD Motors – focuses on fractional high-tech precision motors and motion control solutions found in everything from aircraft, pumps, office equipment and medical devices. It has advanced manufacturing facilities in Ohio, Arizona, Michigan and China and sales and engineering offices in England and Germany.
Hansen, founded in 1907 by a German immigrant jeweler and watchmaker, manufactures motors and motion devices used in the automotive, HVAC systems, instrumentation and office and medical equipment. Hansen’s northeastern U.S. sales representative, D.A. Crowley & Associates Inc., is located in Amherst, N.H.