Mersen to acquire Eldre
The two companies have agreed in principle to Mersen acquiring Eldre, which would take effect at the end of 2011.
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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After almost a decade of uncertainty, the confidence of plant floor managers is soaring. Even with a number of challenges and while implementing new technologies, there is a renewed sense of optimism among plant managers about their business and their future.
The respondents to the 2014 Plant Engineering Salary Survey come from throughout the U.S. and serve a variety of industries, but they are uniform in their optimism about manufacturing. This year’s survey found 79% consider manufacturing a secure career. That’s up from 75% in 2013 and significantly higher than the 63% figure when Plant Engineering first started asking that question a decade ago.