LS ELECTRIC will add the LS brand to KOC Electric and THiRA-UTECH, which it acquired last year.
On the 20th, LS ELECTRIC announced that its subsidiary KOC Electric will be renamed LS Power Solutions and THiRA-UTECH will be renamed LS THiRA-UTECH.
LS ELECTRIC explained the name change as "a measure to enhance competitiveness through synergy with the parent company in the fields of power and automation as members of LS.”
LS Power Solutions is a comprehensive transformer manufacturer that produces all types of transformers, including ultra-high-voltage transformers, molded, dry, and immersed distribution transformers, since its establishment in 1979. Following the acquisition of LS Power Solutions last year, LS ELECTRIC expanded its production capacity to meet the growing global demand for ultra-high-voltage transformers. LS THiRA-UTECH has focused on smart factory solutions since its establishment in 2007.