Anderson Power Products Acquired by IDEAL Industries
Anderson Power Products (APP, Sterling, MA), a division of High Voltage Engineering Corp. (Burlington, MA), announced its divesture to IDEAL Industries (Sycamore, IL). The acquisition will allow IDEAL and APP to take advantage of mutual synergies in engineering and technical expertise and distribution channels. According to the terms of the deal, APP will remain as a free-standing operation. The acquisition of APP will add compatible products to IDEAL's overall product offering of connectors and datacom products. APP also gives IDEAL the opportunity to expand its capabilities for OEMs.
“I'm excited about the fit between IDEAL and APP, not only with respect to capabilities, but also from a culture point of view. IDEAL will encourage and support the continued growth of APP," commented Jim Colony, president of APP.