Costa Mesa, California, March 3, 2025
Mission Critical Electronics (MCE) is proud to announce the acquisition of Magnus Marine (Magnus), a leading provider of high-power shore power conversion and advanced hybrid power solutions for megayachts. MCE is parent company to ASEA Power Systems (ASEA) and this strategic acquisition further strengthens MCE Marine’s position as the global leader in marine power solutions for the superyacht industry, broadening its product portfolio and European presence to better meet the evolving demands of the marine industry.
Kevin Moschetti, Chief Executive Officer of Mission Critical Electronics said; “this acquisition enables MCE to accelerate the expansion of our product capabilities, as well as our mission to deliver decarbonized marine solutions, meeting the rapidly growing global demand for sustainable marine technologies.”
Integrating Magnus Marine’s advanced hybrid power systems and energy storage technologies into ASEA’s existing portfolio enhances system efficiency, reduces emissions, and optimizes power management for modern marine applications.
“Magnus’s cutting-edge solutions complement ASEA’s industry-leading shore power systems. As shipyards around the world are actively scaling up designs and construction to meet the growing demand for larger superyachts, this acquisition is enhancing MCE’s ability to support larger vessels with greater power demands” said Richard Gaudet, President of MCE Marine Power. “This strategic advancement positions us at the forefront of the superyacht industry’s shift toward more sustainable and high-performance yacht and commercial vessel power solutions.”
Together, ASEA and Magnus will drive innovation in sustainable maritime solutions, setting new standards for environmental responsibility while expanding their global reach.
“I am delighted by the opportunities this acquisition presents to drive our collective growth, expand career prospects for our employees, and reinforce our unwavering commitment to delivering exceptional service to our customers” said Matthew Scales, who will continue as Managing Director of Magnus Marine. “By integrating our service support networks, we will enhance coverage across more locations worldwide, ensuring faster response times and greater reliability.”
Magnus Marine’s existing management team and workforce will remain in place and will fall under the overall leadership of Richard Gaudet, the president of MCE Marine Power.
Customers of ASEA Power Systems and Magnus Marine can expect a broader range of high-quality advanced solutions, along with the continued responsiveness and expertise of dedicated engineering teams committed to delivering high-performance, future-ready marine power systems.
Together, ASEA and Magnus Marine will redefine marine power by combining Magnus’s forward-thinking technologies with ASEA’s trusted reputation for reliability, global reach, and market leadership. This partnership represents a shared commitment to innovation, sustainability, and exceptional customer service.
About Mission Critical Electronics
Headquartered in Costa Mesa, Calif., Mission Critical Electronics (MCE) is a leader in the development of innovative solutions for power conversion, energy storage, power generation and shore power connectivity for a wide variety of end-use applications operating under the leading brands Xantrex, Kussmaul Electronics, Newmar Power, ASEA Power Systems, Power Products, American Battery Charging, Duracomm and ZeroRPM. These brands are built on team strength and the ability to connect with customers. MCE takes great pride in translating its customers’ needs into the highest quality products and solutions available in the markets it serves. MCE delivers its products and solutions with an unmatched level of responsiveness.
www.mission-critical-electronics.com
About Magnus Marine
Headquartered in Wymondham, UK, Magnus Marine designs and manufactures state-of-the-art, bespoke, marine power conversion systems including quality shore-to-ship converters, hybrid generators, energy storage systems, frequency converters and systems to protect sensitive on-board equipment. Every Magnus system is engineered precisely for an individual yacht and its power requirements. Magnus uses a standard platform where each unit is customised for the client to unique specifications, addressing both the engineering and commercial requirements. Magnus is committed to delivering world-class service to its clients around the world.
For media inquiries please contact:
Richard Gaudet
President, MCE Marine Power
Email: richard.gaudet@mce-llc.com
Phone: +1 949 386 7483