We are very pleased to announce that Nick Parker has joined Parvalux Electric Motors Ltd as its new Managing Director. In this role Nick will be responsible for driving the strategy for revenue and profit growth and the operational development plans for the business as well as working as part of the maxon senior management team to complete the integration of Parvalux into the maxon Group.
Nick brings a wealth of experience working at senior level in a range of technology-led industries including medical systems, aerospace, oil and gas, electronics manufacturing and hydraulics products. He started his career in technical and R&D management, moving into operations and commercial director roles and has most recently been Managing Director of a manufacturing business, based in Dorset UK and supplying to global OEMs as well as smaller niche customers.
Swiss manufacturer maxon, the specialist for mechatronic drive systems, acquired the British-based Parvalux Electric Motors Ltd in December 2018. Parvalux has more than 70 years of experience in the development and production of brushed DC motors, AC motors, and gearheads. The company has c. 200 employees at four production sites in the UK. Parvalux generates revenues of £23 million annually, with just over 40% being exported around the world. The acquisition has opened up exciting new markets and sales channels opportunities for Parvalux and maxon, as well as for the sharing of technology, product development and manufacturing process expertise within the broader maxon Group.
We would like to thank Nick Spetch for his services over the last 11 years and look forward to our further close collaboration. We are delighted that Nick Parker has joined to lead the team at this exciting time.
Contact: Phone +44 (0)1202 254 308 | firstname.lastname@example.org
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