XP PLC founded by James Peters in Pangbourne UK as a specialist distributor of power conversion products
Company starts to private label products with the XP brand
Lists on the London Stock Exchange and acquires to North American companies. ForeSight Electronics based in California, was a distributor and value added engineering company and International Power Systems based in Massacheutts was company specialising in private labelling Asian product.
The Company starts to build a sales channel across Europe.
Acquires Switching Systems International a company with its own configurable product line and design team with outsourced manufacturing. This transforms the Company's business model from distributor to designer.
The company becomes a manufacturer through a joint venture with its main contract manufacturer and starts production in its Chinese facility 100km north west of Shanghai
The manufacturing joint venture is bought out and the company starts construction a new state of the art facility on the existing Kunshan site.
Global recession hits but the Company produces record earnings due to new healthcare program wins.
The company starts production of magnetic components in an additional manufacturing facility in Ho Chi Minh City, Vietnam. The new facility is the most environmentally friendly facility in the industry.
The first production of power converters commences in Vietnam.
Completes the acquisition of EMCO High Voltage, expanding the Company's product line into high voltage DC-DC modules