Peco II 10-K 2002 FY Annual report

EXHIBIT 23.1

CONSENT OF INDEPENDENT ACCOUNTANTS

As independent public accountants, we hereby consent to the incorporation of our report dated January 23, 2003 included in this Form 10-K, into the Company’s previously filed Form S-8 Registration Statements File Nos. 333-46246 and 333-48690.

/s/    GRANT THORNTON LLP

Cleveland, Ohio

March 31, 2003.