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Pioneer Power acquires Pico Electrical

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Fort Lee-based Pioneer Power Solutions Inc. announced today it has acquired California-based Pico Electrical Equipment Inc. and Pico Metal Products Inc. Financial terms were not disclosed.

According to the announcement, Pioneer will use the acquisition to form Pioneer Custom Electrical Products Corp. Pico, a manufacturer of low-voltage switchboards, panelboards and custom electrical enclosures, is based in the greater Los Angeles metro area, and primarily serves the Southern California market.

Pioneer named Geo Murickan president of the new subsidiary.

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