A recent addition to our Australian portfolios, PWR’s reputation for excellence and innovation in cooling product technology underpins many years of future profitable growth for the company.

Leonardo DiCaprio gave a masterful performance as the eclectic Howard Hughes in the film The Aviator.  The film traces Hughes’ life as he attempts to revolutionise aircraft design and performance.  What is less emphasised in the film is that Hughes funded his endeavours with the profits from sales of a drill bit invented by his dad.  Although it was a critical component, this drill bit did not cost much relative to the total cost of drilling for oil.  This product made the Hughes family a fortune.  I was reminded of this when we met with management of Brisbane-based PWR Holdings recently.

Co-founded around the year 2000 by entrepreneur and CEO, Kees Weel, PWR began making cooling parts for motorsport teams. This included specialist radiators for water and engine cooling, heat exchangers and intercoolers for turbochargers.  Early on, PWR focussed on supplying some of the leading Formula 1 teams.  As its reputation grew, it broadened out into other motorsports.  It now supplies the vast majority of Formula 1 teams as well as NASCAR and the electric car powered Formula-E teams …