MERSEN (EPA:MRN) - Mersen strengthens its position in the laminated bus bar market with the acquisition of Idealec
Transparency directive : regulatory news
19/04/2018 17:40
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PRESS RELEASEMERSEN STRENGTHENS ITS POSITION IN THE LAMINATED BUS BAR MARKET WITH THE
ACQUISITION OF IDEALEC
PARIS, APRIL 19, 2018 - Mersen (Euronext FR0000039620 - MRN), a global expert
in electrical power and advanced materials, has finalized the acquisition of
Idealec, a recognized designer and manufacturer of laminated bus bars.
This acquisition reinforce the Electrical Power segment's position as a leader
on the laminated bus bar market and expand its client portfolio, particularly
in the energy and rail sectors. It will also strengthen the Group's position as
a preferred partner for the power electronics market.
The integration of the renowned technical expertise of Idealec's teams will
also boost Mersen's R&D and innovation capabilities.
Based in Pontarlier, France and Shanghai, China, Idealec was established in
2005. The company employs some 50 people and generates revenues of close to
EUR7 million. Idealec will be consolidated in Mersen's financial statements
from today. The amount of the transaction is not material for Mersen.
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
809 million euros 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: stanislas.mulliez@fticonsulting.com /
guillaume.granier@fticonsulting.com
WWW.MERSEN.COM
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