SynQor Receives $18 Million Investment

March 17, 2002 by Jeff Shepard

SynQor Inc. (Hudson, MA) announced that Morgan Stanley Capital Partners has made an $18.0 million investment in the company. SynQor will use funds from the investment to expand its manufacturing and design capabilities, support new product development, and expand its worldwide sales.

“We are pleased with the continued support shown by Morgan Stanley Capital Partners,” said Martin Schlecht, CEO of SynQor. “They have taken an industry leadership position in the investment space for power technology. Their backing will allow SynQor to continue its technological leadership and exceptional growth rate.”