Sanken North America Renamed Allegro MicroSystems & Moving to New Headquarters
Sanken North America, Inc., (SKNA), Sanken Group’s US subsidiary, announced today that its current consolidated subsidiary trade name will change to Allegro MicroSystems, Inc., (AMI) and their headquarters will move from Worcester, Massachusetts to Manchester, New Hampshire (USA). This move will streamline the management of AMI allowing the executive team to be co-located with the business units and R&D functions to further align the focus of the company on sales and profitability growth and product innovation.
The October 2017 investment by One Equity Partners, (OEP) spurred transformation activities at SKNA with a focus on improving the competitiveness and expansion of the company through the integrated management of its two business units, Allegro MicroSystems, LLC and Polar Semiconductor, LLC. The Allegro brand name, which has broad recognition in the automotive market, will now be adopted by the holding company (AMI) in order to enhance the market positioning and stand-alone identity of the company.
“AMI will remain dedicated to a progressive strategy centered on the sales growth of its advanced sensor and power technology based products and improved profitability through a focus on operational efficiencies of both subsidiaries” said Ravi Vig, President and Chief Executive Officer of Allegro MicroSystems, Inc.
As part of this transformation, Allegro will relocate its Massachusetts operation from Worcester to a new facility in Marlborough which will be more suitable for its research and development, operations management, and administration needs.
Allegro plans to be up and running in this new facility by the end of the summer. In addition, a previously announced 15,000 square foot expansion at Allegro's facility in Manchester, New Hampshire is planned to be completed this summer, further optimizing the company's northeast US footprint.
The move is part of an overall corporate expansion strategy to augment Allegro's plan for continued growth through the pursuit of new opportunities focused on advanced technology, innovation and product line expansion.
"We are very excited to provide our employees with a contemporary atmosphere that will foster a collaborative environment between our R&D, Quality, Finance and Operations groups," said Allegro President and Chief Executive Officer, Ravi Vig. "We expect that this new location will become an asset to attract our prospective workforce and set the foundation for our company's future growth."
Mr. Vig said the Worcester facility has served the company well since it was founded as Sprague Electric in 1965. However, with the company’s continued growth, their focus on innovative products and the inefficient utilization of the Worcester site, it is time to move to a facility that is better suited to meet the operational and R&D needs of their Massachusetts location.
In addition to a consolidated, optimized space, the new Marlborough property at 100 Crowley Drive offers an array of amenities including onsite food service, a fitness center and 13 miles of walking and biking trails adjacent to the campus. The site located in the heart of Metrowest is also conveniently located at the interchange of I-290 and I-85, making it an attractive location for both employees and customers. Cushman & Wakefield represented Allegro MicroSystems, LLC in the search for this ideal location.