ACQUISITION: ASEA Power’s Parent Company MCE Acquires Xantrex Mobile from Schneider Electric
Mission Critical Electronics Acquires Xantrex Mobile Power Assets from Schneider Electric
Mission Critical Electronics is announcing the acquisition of the global leader in the development, manufacturing and marketing of advanced power electronic products and systems for the mobile power markets, operating under the brand Xantrex. This company was part of the Solar activity of Schneider Electric. Financial details of the transaction are not disclosed.
Kevin Moschetti, Chief Executive Officer of Mission Critical Electronics (“MCE”), said,
“We are delighted to have Xantrex join MCE. Xantrex’s products are high quality, technologically advanced, and valued by its customers. Moreover, Xantrex’s portfolio of power products, end markets, and distribution partners are highly complementary to MCE. The synergies that exist between our companies will provide more value for end-users, original equipment manufacturers, and distribution partners. Most importantly, I am excited about the new growth platforms available, the talent level of the Xantrex people, and the new career opportunities that will be opened.”
Mission Critical Electronics designs, manufactures, and distributes electronic power products that fit a variety of mission critical applications in emergency and specialty vehicles, marine, public safety, wireless networks, industrial power, mobile communications, and mobile computing.
“This is a very exciting juncture for Xantrex. Joining forces with MCE – who are as passionate about high quality vehicle and marine power solutions as we are – is sure to deliver tremendous value for our customers, suppliers and other business partners. I am excited at the opportunities this will generate to accelerate our combined growth, the career possibilities for employees and our shared top priority of satisfying our customers,” said Richard Gaudet, Xantrex Vice President and General Manager.
About Mission Critical Electronics
Headquartered in Huntington Beach, CA, MCE provides specialized products for critical systems in a wide variety of applications operating under the leading brands Kussmaul Electronics, Newmar Power, ASEA Power Systems, Power Products, and American Battery Charging. These brands have been built on the strength of their team and their ability to connect with customers. MCE takes great pride in translating their customer’s needs into the highest quality products and solutions available in the markets it serves. MCE delivers those products and solutions with unmatched level of responsiveness.
The Xantrex brand, is one of the most successful and popular brands of onboard AC power technology. Xantrex products are used in a variety of applications in the RV, marine, military, construction, EMS, bus, work service vehicle and commercial truck markets. Xantrex ensures its products are put through extensive reliability testing and certifies its products to comply with various regulatory standards to meet or exceed the applicable requirements for safety, quality, efficiency and environment. With more than three decades of design, engineering and manufacturing experience, Xantrex power solutions offer an enviable mix of advanced technology and unmatched bankability.
Dale Tompkins, President Vehicle Power Segment, Mission Critical Electronics