Mersen to Acquire Eldre
Mersen announced that it has entered into an agreement in principle to acquire Eldre, a specialist in laminated busbars. According to Mersen, this acquisition allows it to expand its current product range supporting the improvement of efficiency, performance and safety of power electronics. Already a specialist in fuses and cooling products for the protection of semiconductors, the company will now add laminated busbars to its bundled offer.
Power electronics applications are used in Mersen’s targeted growth markets, like Energy (Photovoltaic, Wind), Transportation (Rail traction), and Electronics (drives/inverters).
Based in Rochester, New York, Eldre is a family-owned business, with manufacturing facilities in the U.S. and France and employs approximately 300 people. The business will be integrated into Mersen’s Electrical Components and Technologies segment and will contribute an additional annual revenue of c. 40 million USD.
Marc Vinet, Group VP, Electrical Protection and member of the Management Board of Mersen states: "I’m delighted to welcome the team that has driven Eldre to its leading position. With our on-going portfolio expansion and our current global operations, we bring our application expertise and logistic support to our partner customers at the heart of their power electronics solutions."
The closing of the transaction is expected at the end of the year.