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 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.

Russelectric was awarded a contract to supply Charlotte Water with paralleling switchgear for water and wastewater treatment facilities in Charlotte, NC. Delivery for the initial system is scheduled for late 2018, with the second for early 2019.