Mersen, Newburyport, Mass., has entered into an agreement in principle with Eldre, the largest worldwide pure player in laminated busbars, for its acquisition. This acquisition allows Mersen to expand its current product range supporting the improvement of efficiency, performance and safety of power electronics. Already a global provider of fuses and cooling products for the protection of semiconductors, Mersen will now add laminated busbars to its bundled offer.
Based in Rochester, N.Y., Eldre is a family-owned business with manufacturing facilities in Rochester and Saint Sylvain d'Anjou, France, that 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 V.P., Electrical Protection and a member of Mersen management board said, "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.”
About the Author
Jim Lucy Blog
Chief Editor
Jim Lucy has been wandering through the electrical market for more than 30 years, most of the time as an editor for Electrical Wholesaling, Electrical Marketing newsletter and CEE News. During that time he and the editorial team for the publications have won numerous national awards for their coverage of the electrical business. He showed an early interest in electricity, when as a youth he had an idea for a hot dog cooker. Unfortunately, the first crude prototype malfunctioned and the arc nearly blew him out of his parents' basement. Before becoming an editor for Electrical Wholesaling magazine and Electrical Marketing, he earned a BA degree in journalism and a MA in communications from Glassboro State College, Glassboro, NJ., which is formerly best known as the site of the 1967 summit meeting between President Lyndon Johnson and Russian Premier Aleksei Nikolayevich Kosygin, and now best known as the New Jersey state college that changed its name in 1992 to Rowan University because of a generous $100 million donation by N.J. zillionaire industrialist Henry Rowan. Jim is a Brooklyn-born Jersey Guy happily transplanted in the fertile plains of Kansas for the past 20 years.