Numeric floats new company

Power solution major Numeric Power Systems recently floated a new company
called Socomec-Numeric. The initiative is considered to be a major development
since Numeric's tie-up with French technical collaborator Merlin Gerin came to
an end recently. Following the exit of Merlin Gerin, Numeric decided to have a
separate entity for the high-end power solution segment, which was hitherto
addressed through the tie-up.

Forming a new entity- Socomec-Numeric, has several strategic reasons for R
Chella­ppan, MD, Numeric Power Systems. Now the low-end and mid markets will be
directly and exclusively addressed by Numeric, while the high-end segment will
be dedicatedly addres­sed by Socomec-Numeric.

R Chellappan, MD, Numeric Power Systems

DQ Channels made several attempts to contact Chellappan's office. However,
there was no reaction from the company till the time of going to press.

“Earlier, people believed that Merlin Gerin was holding a minor stake in
the Rs 280 crore Numeric though the tie-up was only for high-end markets. Now,
Numeric will address the low-end and mid markets on its own, while the newly
formed joint venture company will take care of the high-end segment,” said an
official source.

According to market sources, Numeric has lost some major orders from its
existing clients to the competitor, for non-availability of technically superior
products from Merlin Gerin. “Numeric has built a strong product range in 1-1
(phase) and 3-1 categories over the last 20 years, which even the MNC could not
match in both technical and price factors,” said a source close to the
company.

Meanwhile, Merlin Gerin's announcement about direct entry into the Indian
market and a lot of other policy related issues have spurred Numeric to look out
for a new tie-up. Socomec-Numeric assures technology superior products (green
mains/pollution free utility) with salient features such as IGBT
rectifier/inverter, DSP-based technology, no de-rating for IT loads, perfect
input sine wave, high input PF, very low input THDi, good power quality,
generator-friendly and high-efficiency/availability systems. The products would
be available from 30 KVA up to 4.8 MVA range.

Socomec-Numeric will function from the same office where Numeric Power
Systems is located, while it will maintain an individual P&L statement and
function as a separate strategic business unit (SBU). Socomec-Numeric will also
have a new team controlled by Chellappan.

DQC News Bureau