Paul Weel Radiator Holdings, also known as PWR, is an South Queensland based company that designs and manufactures customized cooling solutions for automotives. The company offers a wide range of water, oil and air based cooling solution that are high in quality and are lightweight. Even though PWR has been in the business since 1998, as part of strategic move, it decided to go public in November 2015 in ASX and raised $150 million. Prior to the IPO, PWR acquired a C&R, US-based company, to expand Its US market and operation.
The main customer segment of PWR, is motorsports (Formula 1, Formula E, Nascar), accounted for 66.1% of revenue in FY17. PWR utilizes its track record in elite motorsports to support growth in the broader automotive
The main customer segment of PWR, is motorsports (Formula 1, Formula E, Nascar), accounted for 66.1% of revenue in FY17. PWR utilizes its track record in elite motorsports to support growth in the broader automotive