Eaton acquires MGE small systems division from Schneider
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.”