Mersen Acquires Majority Stake in Cirprotec
Mersen has acquired a majority stake in designer and manufacturer of lightning and surge protection devices, Cirprotec, which will allow the company to expand its portfolio in the power quality segment.
Dean Cousins, vice president, strategy, marketing and innovation, electrical power at Mersen, said the acquisition is an important step in the right direction for the company's strategy. "Cirprotec's expertise strengthens a market-leading global platform to support our customers and channel partners," he said.
"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," said Marc Vinet, group vice president, electrical power and member of the Management Board at Mersen.
Mersen will be able to provide better electrical protection against damaging transient overvoltages in electrical installations and equipment with the use of surge protection devices. These devices mitigate the growing problems associated with power quality by protecting increasingly sensitive and critical applications.
"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."