Eaton Completes Purchase Of MGE’s Small Systems Business From Schneider Electric

Eaton Corp. announced it has completed the purchase of the small systems business of Schneider Electric’s MGE UPS Systems for €425 million ($612 million). Eaton announced on June 21 that it had committed to acquire the business.

For the 12-month period ending September 30, 2007, the small systems business of MGE had sales of approximately €167 million ($240 million) and EBITDA of approximately €39 million ($56 million).

"MGE’s presence in more than 40 countries provides us with access to new markets and important distribution channels and further establishes our manufacturing presence in Asia," said Randy W. Carson, Eaton Senior VP and President – Electrical Group. "This transaction clearly underlines Eaton’s stated strategic focus to expand our Power Quality business globally."

MGE’s small systems business employs approximately 800 people worldwide and is a global provider of power quality solutions designed to increase the availability and uptime of mission-critical applications and processes. Its products include uninterruptible power supplies (UPS), power distribution units, static transfer switches and surge suppressors. The business is headquartered in Saint-Ismier, France.