# 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.

- Type: Acquisition
- Announced: 2017-07-27
- Where: North America, United States
- Value: $1.25B
- Jobs: 2,000
- Status: announced
- Products: automatic transfer switches, surge protection, loadbanks, fire pump controls
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Schneider Electric](https://endata.com/companies/2048.md) (acquirer)
- [Vertiv](https://endata.com/companies/14494.md) (partner)
- [ASCO Power Technologies](https://endata.com/companies/25897.md) (target)
- [Asco Power Solutions](https://endata.com/companies/25914.md) (target)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/schneider-electric-enhances-its-position-in-core-low-voltage-with-the-acquisition-of-asco-power-technologies-300495786.html), 2017-07-27: "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."
- [capitalfinance.lesechos.fr](https://capitalfinance.lesechos.fr/deals-m-a/mid-cap/schneider-electric-debourse-11-md-pour-asco-power-technologies-115918), 2017-07-28: "Schneider Electric fait un pas de géant dans son cœur de métier, la basse tension."
- [industryinfo.bg](https://industryinfo.bg/article/19731-schneider-electric-pridobiva-asco-power-technologies), 2017-08-04: "ASCO е добре разпознаваем бранд в Северна Америка и с придобиването им ще получим ноу-хау на високо ниво, умения и разнообразна клиентска база."
- [drivesncontrols.com](https://drivesncontrols.com/ge-restarts-talks-to-sell-industrial-arm-to-abb-for-over-2bn/), 2017-08-24: "Schneider says that it acquisition of Asco – which had been operating as part of Vertiv (formerly Emerson Network Power) since last December – makes it the global market-leader in ATS systems."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.