Schneider Electric enhances its position in Core Low Voltage with the acquisition of ASCO Power Technologies

Schneider Electric, the global specialist in energy management and automation, announced that it has signed an agreement to acquire Asco Power Technol...

Schneider Electric, the global specialist in energy management and automation, announced that it has signed an agreement to acquire Asco Power Technologies (”ASCO”), a leader in the Automatic Transfer Switch (“ATS”) market for a consideration of $1,250m (c.€1,072m) in an all cash transaction. The acquisition enhances Schneider Electric’s EcoStruxure Power Platform in key markets and segments. ASCO currently employs c.2,000 people, mainly in North America, and operates 7 manufacturing sites. Its revenues in CY20161 reached $468m with an adjusted EBITDA margin of c.23%.

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