Mersen to acquire Eldre
The two companies have agreed in principle to Mersen acquiring Eldre, which would take effect at the end of 2011.
Mersen announced it has entered into an agreement in principle with Eldre, which specializes in laminated busbars, for its acquisition.
This acquisition allows the Group to expand its current product range supporting the improvement of efficiency, performance and safety of power electronics. Mersen, which specializes in fuses and cooling products for the protection of semiconductors, Mersen will now add laminated busbars to its bundled offer.
Eldre is a family-owned business with manufacturing facilities in the U.S. (Rochester, NY) and France (Saint Sylvain d'Anjou) and employs approximately 300 people. The business will be integrated into Mersen’s Electrical Components and Technologies segment and will contribute an estimated additional annual revenue of 40 million USD.
Marc Vinet, Group VP, Electrical Protection and member of the Management Board of Mersen states: "I’m delighted to welcome the team that has driven Eldre to its leading position. With our on-going portfolio expansion and our current global operations, we bring our application expertise and logistic support to our partner customers at the heart of their power electronics solutions.”
The closing of the transaction is expected at the end of the year.
- Edited by Chris Vavra, Plant Engineering, www.plantengineering.com
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