# Mersen acquires Hager Group's 50% stake in Fusetech

Mersen has acquired the final 50% of Fusetech from its joint venture partner Hager Group for approximately €4 million. Fusetech is a European manufacturer of DIN LV and MV fuses and fuse accessories based in Kaposvar, Hungary.

- Type: Acquisition
- Announced: 2021-03-02
- Where: Kaposvar, Hungary
- Value: $4.80M (4.00M EUR)
- Status: completed
- Products: DIN LV and MV fuses, fuse accessories
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Mersen](https://endata.com/companies/10815.md) (acquirer)
- [Hager Group](https://endata.com/companies/28799.md) (partner)
- [Fusetech](https://endata.com/companies/53584.md) (target)

## Sources

- [electricalreview.co.uk](https://www.electricalreview.co.uk/posts/mersen-acquires-hager-groups-stake-in-fusetech), 2021-03-02: "Mersen has announced that it has acquired the final 50% of Fusetech from its joint venture partner Hager Group."

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