Mersen: acquisition of Idealec
Mersen 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 €7 million. Idealec will be consolidated in Mersen’s financial statements from today. The amount of the transaction is not material for 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
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