Acquisition lets Mersen expand portfolio in the power quality segment
Mersen has announced an agreement to acquire a majority stake in Cirprotec, located in Terrassa, Spain and specializing in lightning and surge protection.
Marc Vinet, Group Vice-President Electrical Power and a member of the Management Board, said, "We are warmly welcoming Cirprotec's team. Our powerful network and our ability to leverage sales in new markets combined with Cirprotec's product portfolio and world-class surge test platform will offer our customers the benefits of a unique expertise in power quality".
“The acquisition is an important step in our strategy,” said Dean Cousins, Vice President, Strategy, Marketing & Innovation for Mersen Electrical Power. “Cirprotec's expertise strengthens a market-leading global platform to support our customers and channel partners.”
“This new alliance with Mersen presents a new opportunity to expand the international market reach of Cirprotec,” said Carles Pons, founder of Cirprotec. “Additionally, the combination of our organizations brings an excitement to launch innovative new product initiatives.”