Mersen Strengthens Its Position In The Laminated Bus Bar Market With The Acquisition Of Idealec
- Published: Tuesday, 08 May 2018 09:35
Mersen, a global expert in electrical power and advanced materials, has finalized the acquisition of idealec, a recognized designer and manufacturer of laminated bus bars.
This acquisition reinforce the electrical power segment’s position as a leader on the laminated bus bar market and expand its client portfolio, particularly in the energy and rail sectors. It will also strengthen the group’s position as a preferred partner for the power electronics market.
The integration of the renowned technical expertise of idealec’s teams will also boost mersen’s r&d and innovation capabilities.
Based in pontarlier, france and shanghai, china, Idealec was established in 2005. the company employs some 50 people and generates revenues of close to €7 million. Idealec will be consolidated in mersen’s financial statements from the beginning of May 2018. the amount of the transaction is not material for mersen.