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Dec 4, 2007 · Eaton Corp. has acquired the MGE small systems business from Schneider Electric, expanding its global power quality business and becoming the world’s second largest supplier of power protection solutions. Known as MGE Office Protection Systems, Eaton completed the acquisition Nov. 1 for$612 million at current exchange rates.
Nov 9, 2007 · Eaton Corporation has acquired the MGE small systems business unit from Schneider Electric for about $612 million. The unit, known as MGE Office Protection Systems, is based in Montbonnot, France and sells UPS and surge suppression products in 60 countries. Eaton is best known for its PowerWare UPS systems and Cutler-Hammer surge protection ...
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Who owns MGE office protection systems?
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When did Schneider Electric acquire APC?
Eaton acquired the small systems business of Schneider Electric’s MGE UPS Systems in October 2007. In terms of organisation, product and production techniques, MGE Office Protection Systems has been fully integrated into Eaton, adopting the Eaton Business System, a single system covering work processes, tools and tooling.
Nov 5, 2007 · Eaton Corp. announced it has completed the purchase of the small systems business of Schneider Electric’s MGE UPS Systems for €425 million ($612 million). Eaton announced on June 21 that it had committed to acquire the business.
- Jeff Shepard
APC by Schneider Electric (formerly American Power Conversion Corporation) is a manufacturer of uninterruptible power supplies (UPS), electronics peripherals, and data center products. In 2007, Schneider Electric acquired APC and combined it with MGE UPS Systems to form Schneider Electric's Critical Power & Cooling Services Business Unit, [1 ...
- 1981
- $3.5 Billion (2007)
- 12,000 (2007)
Jun 21, 2007 · Eaton Corp. announced that it has committed to acquire the small systems business of Schneider Electric ’s MGE UPS Systems for €425 million ($570 million). Subject to the satisfaction of certain customary closing conditions, the transaction is expected to close in the third quarter.
Aug 1, 2007 · Schneider Electric and diversified industrial manufacturer Eaton Corp. have entered into exclusive negotiations for the divestment of Schneider’s MGE uninterruptible power systems for $570 million. Subject to the satisfaction of customary closing conditions, Eaton is expected to acquire the business later this year.
