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Nov 23rd, 2011
Mersen to acquire Eldre
Mersen announced today that it has entered into an agreement in principle with Eldre, the largest worldwide pure player 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. Already a worldwide leader in fuses and cooling products for the protection of semiconductors, Mersen will now add laminated busbars to its bundled offer.
The Group will therefore reinforce its position as a global reference partner for power electronics applications. Power electronics applications are used in Mersen’s targeted growth markets, like Energy (Photovoltaic, Wind,…), Transportation (Rail traction,…), and Electronics (drives / inverters, …). Based in Rochester, NY (United States), Eldre is a well established profitable 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 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.
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