M&A Deal Summary

Mission Critical Electronics Acquires Xantrex Technology

On November 30, 2018, Mission Critical Electronics acquired electrical equipment company Xantrex Technology from Schneider Electric

Acquisition Highlights
  • This is Mission Critical Electronics’ 1st transaction in the Electrical Equipment sector.
  • This is Mission Critical Electronics’ 1st transaction in Canada.
  • This is Mission Critical Electronics’ 1st transaction in British Columbia.

M&A Deal Summary
Date 2018-11-30
Target Xantrex Technology
Sector Electrical Equipment
Buyer(s) Mission Critical Electronics
Sellers(s) Schneider Electric
Deal Type Divestiture

Target

Xantrex Technology

Burnaby, British Columbia, Canada
Xantrex Technology, Inc. is a supplier of advanced power electronics and controls for the commercial, recreational, and residential markets. The Xantrex brand, is one of the most successful and popular brands of onboard AC power technology. Xantrex products are used in a variety of applications in the RV, marine, military, construction, EMS, bus, work service vehicle and commercial truck markets. Xantrex ensures its products are put through extensive reliability testing and certifies its products to comply with various regulatory standards to meet or exceed the applicable requirements for safety, quality, efficiency and environment. With more than three decades of design, engineering and manufacturing experience, Xantrex power solutions offer an enviable mix of advanced technology and unmatched bankability.

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Buyer(S) 1

Buyer

Mission Critical Electronics

Dallas, Texas, United States
Category Company
Sector Electrical Equipment
DESCRIPTION

Mission Critical Electronics is a niche-oriented manufacturer of power conversion, battery charging and battery products operating under the leading brands Kussmaul Electronics, Newmar Power, ASEA Power Systems, Power Products, and American Battery Charging. The Company focuses on critical system applications in specialty vehicle, public safety, and industrial/marine applications where durability, reliability, and performance are essential to deliver immediately accessible power. MCE’s solutions address application-specific requirements for 4,000 customers across 2,000+ branded SKUs. MCE is based in Dallas, Texas.

DEAL STATS #
Overall 3 of 5
Sector (Electrical Equipment) 1 of 2
Type (Divestiture) 1 of 1
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-16 Newmar Power

Santa Ana, California, United States

Newmar is a manufacturer of electronic power products that designs, engineers, and manufactures critical electronic components primarily for the marine and telecom industries. Newmar Power was founded in 1970 and is based in Santa Ana, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-06 Purkeys Fleet Electric

Lowell, Arkansas, United States

Purkeys Fleet Electric is a provider of electric power solutions to truck fleets, liftgate manufacturers, trailer manufacturers, truck dealers, and truck original equipment manufacturers. Purkeys Fleet Electric was founded in 1990 and is based in Lowell, Arkansas.

Buy -

Seller(S) 1

SELLER

Schneider Electric

Rueil Malmaison, France
Category Company
Founded 1836
Sector Electrical Equipment
Employees164,640
Revenue 35.9B EUR (2023)
DESCRIPTION

Schneider Electric is a provider of electricity distribution, automation management and produces installation components for energy management. Schneider Electric develops connected technologies and solutions to manage energy and process in ways that are safe, reliable, efficient and sustainable. Schneider Electric was founded in 1836 and is based in Rueil-Malmaison, France.

DEAL STATS #
Overall 9 of 15
Sector (Electrical Equipment) 4 of 7
Type (Divestiture) 5 of 10
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-27 Asco Power Technologies

Baltimore, Maryland, United States

Asco Power Technologies owns and operates 7 manufacturing sites. Asco surge, loadbanks, and fire pump and control applications. ASCO's products are sold under the brands of ASCO, Firetrol, Avtron, Froment.

Buy $1.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-28 AutoGrid

Redwood City, California, United States

AutoGrid builds AI-powered software applications that enable a smarter distributed energy world. The company’s suite of flexibility management applications allows utilities, electricity retailers, renewable energy project developers, and energy service providers to deliver clean, affordable, and reliable energy by optimizing networked distributed energy resources (DERs) in real-time and at scale. AutoGrid was formed in 2011 and is based in Redwood City, California.

Buy -
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