Siemens closes acquisition of Russelectric

Siemens announced the closing of its acquisition of Russelectric, a U.S. manufacturer of power control systems including paralleling switchgear and automatic transfer switches. The transaction was first announced in early October 2018. Terms were not disclosed.

“Siemens announced today it has closed the acquisition of Massachusetts-based Russelectric, a leading U.S. manufacturer of power control systems including paralleling switchgear and automatic transfer switches.”news.siemens.com

• 3 sources
• news.siemens.comSiemens acquires electric manufacturer Russelectric | SiemensMar 4, 2019
• power-eng.comSiemens closes on acquisition of power controls maker RusselectricClarion Energy Content DirectorsMar 4, 2019
• transformer-magazine.comSiemens enters Iowa to Illinois transmission line project – Transformer MagazineMirna Maric CindricMar 13, 2019

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