M&A Deal Summary

Schneider Electric Acquires Asco Power Technologies

On July 27, 2017, Schneider Electric acquired electrical equipment company Asco Power Technologies for 1.3B USD

Acquisition Highlights
  • This is Schneider Electric’s 14th transaction in the Electrical Equipment sector.
  • This is Schneider Electric’s 5th largest (disclosed) transaction.
  • This is Schneider Electric’s 17th transaction in the United States.
  • This is Schneider Electric’s 1st transaction in Maryland.

M&A Deal Summary
Date 2017-07-27
Target Asco Power Technologies
Sector Electrical Equipment
Buyer(s) Schneider Electric
Deal Type Add-on Acquisition
Deal Value 1.3B USD

Target

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.

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Buyer(S) 1

Buyer

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 35 of 41
Sector (Electrical Equipment) 14 of 14
Type (Add-on Acquisition) 34 of 37
State (Maryland) 1 of 1
Country (United States) 17 of 21
Year (2017) 4 of 4
Size (of disclosed) 5 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-03 nxtControl

Baden, Austria

nxtControl GmbH is a highly innovative company engages in real-time control software for distributed control systems based on the IEC 61499 standard. nxtControl will fundamentally change the world of automation. Customers will get a commercial advantage with innovative products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-30 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.

Sell -
Mergr

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