Schneider Electric announced the acquisition through a transfer of assets of Wangao, a private Chinese company that develops and manufactures automatic power transfer switches.
Wangao, founded in 1999, is a family business located in Tianjin. The company generates sales of around 8 million euros with 110 people.
“Because power reliability and stability is very important in industry as well as in buildings, the demand in automatic power transfer switches is growing fast,” said
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