Siemens to acquire Russelectric, a US power control systems manufacturer

Siemens announced plans to acquire Russelectric, a Massachusetts-based manufacturer of power control systems including paralleling switchgear and automatic transfer switches. The acquisition will add Russelectric's approximately 400 employees to Siemens' US footprint.

“Siemens, a global innovator in low and medium voltage technologies, has announced plans to acquire Massachusetts-based Russelectric, a leading U.S. manufacturer of power control systems including paralleling switchgear and automatic transfer switches.”powermag.com

• 3 sources
• powermag.comSiemens to Acquire Massachusetts-based Electric Infrastructure Manufacturer RusselectricPress ReleaseOct 4, 2018
• nsenergybusiness.comSiemens to buy US-based electric infrastructure manufacturer RusselectricSurya Rao AkellaOct 4, 2018
• power-technology.comM&As this week: Siemens, TRC, ØrstedOct 4, 2018

Summarized from public sources; check the original articles before acting on it.