Schneider Electric to acquire ASCO Power Technologies for $1.25B
Schneider Electric has signed an agreement to acquire ASCO Power Technologies, a leader in automatic transfer switches, from Vertiv for $1.25 billion in an all-cash transaction. The acquisition enhances Schneider Electric's EcoStruxure Power Platform.
Productsautomatic transfer switchessurge protectionloadbanksfire pump controls
“ASCO brings to Schneider Electric a well-recognized brand in North America, a strong level of know-how, prescription skills and network and a diversified customer base.”prnewswire.com
- 4 sources
- prnewswire.comSchneider Electric enhances its position in Core Low Voltage with the acquisition of ASCO Power TechnologiesSchneider ElectricJul 27, 2017
- capitalfinance.lesechos.frSchneider Electric débourse 1,1 Md€ pour Asco Power Technologies - Capital FinanceAroun BenhaddouJul 28, 2017
- industryinfo.bgSchneider Electric придобива Asco Power Technologies - Статия | IndustryInfo.bgРедактор Пепа ПетруноваAug 4, 2017
- drivesncontrols.com‘GE restarts talks to sell industrial arm to ABB for over $2bn’ - Drives&ControlsAug 24, 2017
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