U.S.-based diversified industrial manufacturer Eaton has acquired power solutions Schneider Electric’s small systems subsidiary, MGE UPS (Uninterruptible Power Supplies) Systems.
This move, which cost US$612 million (RM1.93 billion), is to help Eaton’s expansion strategy by using MGE’s presence in more than 40 countries, according to sources at Eaton.
Eaton Small Systems vice president and general manager Hervé Tardy said, “Through this acquisition, Eaton is now the world’s second largest manufacturer and supplier of single-phase uninterruptible power systems. Both companies are committed to innovation, outstanding client relationships, and exceptional customer service and support.”
Tardy explained that Eaton Corp. is a diversified industrial manufacturer with 2006 sales of $12.4 billion. Eaton provides electrical systems and components for power quality, distribution and control as well as fluid power systems and services for industrial, mobile and aircraft equipment.
He said that MGE’s small systems business employs around 800 people worldwide and is a global provider of power solutions designed to increase the availability and uptime of mission-critical applications and processes.
Malaysia-based SEA zone manager Cheryl Tong said enterprises in the region now can deploy UPS solutions, power distribution units, static transfer switches and surge suppressors offered by the combined companies.