Diversified industrial manufacturer, Eaton Electric Systems , has completed the purchase of the small systems business of Schneider Electric’s MGE UPS Systems. Eaton Electric Systems announced on June 21 that it had committed to acquire the business.
For the 12-month period ending September 30, 2007, the small systems business of MGE had sales of approximately €167 million ($240 million at current exchange rates) and EBITDA of approximately €39 million ($56 million at current exchange rates).
“MGE’s presence in more than 40 countries provides us with access to new markets and important distribution channels and further establishes our manufacturing presence in Asia,” said Randy W. Carson, Eaton Electric Systems Senior Vice President And President – Electrical Group. “This transaction clearly underlines Eaton Electric Systems’ stated strategic focus to expand our Power Quality business globally.”
MGE’s small systems business employs approximately 800 people worldwide and is a global provider of power quality solutions designed to increase the availability and uptime of mission-critical applications and processes. Its products include uninterruptible power supplies (UPS), power distribution units, static transfer switches and surge suppressors. The business is headquartered in Saint-Ismier, France.