Eaton acquires MGE small systems division from Schneider
Eaton has acquired MGE Office Protection Systems from Schneider. The acquired division manufactures single-phase UPS and surge suppression systems.
Eaton Corp. has acquired the MGE small systems business from Schneider Electric, expanding its global power quality business and becoming the world’s second largest supplier of power protection solutions. Known as MGE Office Protection Systems, Eaton completed the acquisition Nov. 1 for$612 million at current exchange rates.
The acquired division of MGE designs and manufactures electrical power protection and solutions for enterprises, small business and homes. Also among its offerings are single-phase UPS and surge suppression products to addresses power protection, distribution and management needs in the office, networking and industrial markets.
“This transaction is exciting news for Eaton and MGE Office Protection Systems customers,” said Tom Gross, vice-president and president, Power Quality and Control Operations of Eaton’s Electrical Group. “This acquisition enhances our position in the power quality business by increasing scale and geographic scope in key areas including Europe. We will build on MGE Office Protection Systems’ impressive track record of relationships in distribution channels and increase our global manufacturing capabilities in Asia.”
“Our market-leading products and continuous innovation will bring many strategic benefits to Eaton and its customers,” said Herve Tardy, former general manager MGE Office Protection Systems, and now vice-president and general manager of the new small systems division of Eaton. “Both MGE Office Protection Systems and Eaton have earned reputations for excellence, and we look forward to joining with Eaton in that ongoing commitment.”
- Events & Awards
- Magazine Archives
- Oil & Gas Engineering
- Salary Survey
- Digital Reports
- Survey Prize Winners
Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey