MERSEN (EPA:MRN) - Mersen acquires the remaining capital of Cirprotec to accelerate its development in power quality products and solutions
Transparency directive : regulatory news
05/04/2018 17:40
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PRESS RELEASEMERSEN ACQUIRES THE REMAINING CAPITAL OF CIRPROTEC TO ACCELERATE ITS
DEVELOPMENT IN POWER QUALITY PRODUCTS AND SOLUTIONS
PARIS, APRIL 5, 2018 - Mersen (Euronext FR0000039620 - MRN), a global expert in
electrical power and advanced materials, has acquired the remaining capital of
Cirprotec, based in Terrassa, Spain, following acquisition of a majority stake
in February 2014.
The combination of complementary cutting edge range of overvoltage and
overcurrent protection products with Mersen's international sales network has
led to a strong increase in sales in power quality products and solutions over
the past four years.
The operation will allow Mersen to accelerate the development of this product
line in high-potential markets such as LED lighting, solar power and EV
charging, as well as in growth countries, notably in Asia. It is also expected
to strengthen its positioning with industrial panel builders.
The operation will be immediately accretive to basic earnings per share. It
will increase Group net debt by approximately EUR10 million, including the
estimated potential earn-out.
ABOUT MERSEN
Global expert in electrical power and advanced materials, Mersen designs
innovative solutions to address its clients' specific needs to enable them to
optimize their manufacturing performance in sectors such as energy,
electronics, transportation, chemicals & pharmaceuticals and process
industries.
Mersen, with its 6,400 employees working across 35 countries, recorded sales of
EUR809 million in 2017.
MERSEN IS LISTED ON EURONEXT PARIS - COMPARTMENT B
INVESTOR AND ANALYST CONTACT
Véronique Boca
Vice-President, Communications
Mersen
Tel: + 33 (0)1 46 91 54 40
Email: dri@mersen.com
MEDIA RELATIONS
Stanislas Mulliez/Guillaume Granier
FTI Consulting Strategic Communications
Tel: +33 (0)1 47 03 68 10
Email: dri@mersen.com
Email: stanislas.mulliez@fticonsulting.com /
guillaume.granier@fticonsulting.com
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