Illustration 60886103 / Kheng Ho To / Dreamstime
Illustration 60886103 Kheng Ho To / Dreamstime
60886103 / Kheng Ho To / Dreamstime
60886103 / Kheng Ho To

Mersen Expands Surge Suppression Lines with Acquisition in China

Fuse, switchgear and motor part manufacturer Mersen, based in Paris, France, signed an agreement to acquire ASP, a specialist in surge protection devices based in China.

Mersen said the deal is part of a strategy to expand Mersen's electrical segment in the overvoltage protection market. The ASP deal follows Mersen’s acquisition of a majority stake in Cirprotec, based in Spain, in Feb. 2014, which brought the group expertise in IEC standards along with product lines in lighting and overvoltage protection.

The company plans to achieve close to €40 million of sales in this segment by 2018. ASP will be integrated into Mersen's Electrical segment and will contribute some €6 million to the group's annual sales.

Mersen said it will build on the recognized ASP brand in China and an efficient industrial platform to roll out across the Asian region which is currently adopting predominantly a technology already deployed in Europe.

ASP has been majority owned by a CIMIC, a Taiwanese group, since 2009. The company has a sales network covering the whole China territory and a manufacturing facility in Guangzhou. This deal is scheduled to be completed by September, following approval by the Chinese authorities.