RECENT YEARS
| NEWAGE | AVK SEG | |||
| 1985 |  |
1985 | ||
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Cooper Industries acquires McGraw Edison, majority shareholder of Onan Corporation. |
SEG acquires AVK and consolidates into AVK SEG Holding GmbH & Co. KG. |
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| 1986 | 1985-1990 | |||
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Cummins Engine Company Inc. acquires Cooper Industries' holding in Onan Corporation and becomes majority owner of Newage. |
Acquisition and development of Coil Systems GmbH Elektrowicklungen in Karlshuld, Germany. |
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| 1987 |  |
1990 | ||
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Newage acquires Markon Engineering, Oakham, UK manufacturer of 2 & 4 pole 2 kVA - 1875 kVA generators. |
Development of DIG range of AVK generators. |
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| 1988 | 1990 | |||
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Newage name changed to Newage International Ltd. |
Expansion of SEG R&D in Electronics and Information Technology. |
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| 1991 |  |
1990 | 1996 | 2001 | ||
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Alternator production commences in Minneapolis, Minnesota USA. |
Major capacity expansion at SEG, Kempen. |
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| 1992 | 1995 | |||
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Cummins acquires remaining shares of Onan Corporation from Hawker Siddeley Group. |
Establishment of AVK SEG Controls Ltd. Joint venture in Noida, India for the production of generators and electronic devices. |
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| 1992 | 1996 | |||
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Joint venture with Crompton Greeves Ltd. for production of generators in Ahmednagar, India. |
Development of the variable-speed CONCYCLEŽ generators for marine, UPS and wind applications. |
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| 1996 | 1997 | |||
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Joint venture with Jiangsu Haixing Electric Machinery Group for production of generators in Wuxi, China. |
Market launch of the "CONCYCLEŽ Wind" systems. |
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| 1997 | 1999 | |||
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Power Products Division established for production of 2-5 MW and MV & HV machines. |
New AVK factory opened in Ingolstadt. Production area of 10,000 m2. |
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| 1999 | ||||
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Establishment of AVK/Elektroputere S.A., Craiova, Romania. Joint venture for production of LV generators. |
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