Schneider Electric acquires MGE UPS Systems

Jan 27, 2004 12:00 PM

              

Schneider Electric has begun a process to fully acquire MGE UPS Systems for an estimated enterprise value of about EUR 850 million (U.S. $1 billion). The transaction should be complete in the first quarter of 2004, pending approval by anti-trust authorities, notably in the U.S. and Europe.

Schneider Electric signed two agreements under which it will increase its stake in two stages. The first of which is the acquisition of a 52.6% interest, which corresponds to all of the stake held by legal and general ventures and ABN Amro and about half of the interest held by MGE UPS Systems’ management and employees, for EUR 298 million (U.S. $375 million). The second stage is the acquisition in 2006 of the remaining 15.1% for a price based on MGE UPS Systems’ 2005 EBITA level.

Want to use this article? Click here for options!

© 2009 Penton Media, Inc.

resources

Select Newsletter G-Biz CodeWatch eTRAIN electricalZONE PQNewsBeat MROInsider Product NewsWire Select EC&M Book National Electrial Code Books EC&M's Practical Guides Conduit Bending Electrical Topics of Interest Stallcup's Books OSHA Electrical Wholesaling Books Select Special Report Top 40 Design Firms Top 50 Contractors Product of the Year 100 Years of EC&M Select Webinar Trade-Offs With Arc Flash Safety, Selective Coordination and Protection Costs and Causes of Hidden Power Quality Problems Arc Flash/HRG Technology's role in prevention 3 A’s of Arc Flash Dramatic Changes to the Residential Load Center CEE News Archive September 1, 2002 August 1, 2002 July 1, 2002 June 1, 2002 May 1, 2002 April 1, 2002 March 1, 2002 February 1, 2002 January 1, 2002 December 1, 2001 November 1, 2001 October 1, 2001 September 1, 2001 August 1, 2001 July 1, 2001 June 1, 2001 May 1, 2001 April 1, 2001 March 1, 2001 February 1, 2001 January 1, 2001 December 1, 2000 November 1, 2000 October 1, 2000 September 1, 2000 August 1, 2000 July 1, 2000 June 1, 2000 May 1, 2000 April 1, 2000 March 1, 2000 February 1, 2000 January 1, 2000 December 1, 1999 November 1, 1999 October 1, 1999 September 1, 1999 August 1, 1999 July 1, 1999 June 1, 1999 May 1, 1999 April 1, 1999 March 1, 1999 February 1, 1999 January 1, 1999 December 1, 1998 November 1, 1998 October 1, 1998 September 1, 1998 August 1, 1998 July 1, 1998 June 1, 1998 May 1, 1998 April 1, 1998 March 1, 1998 February 1, 1998 January 1, 1998 December 1, 1997 Power Quality Archive September 1, 2002 August 1, 2002 July 1, 2002 June 1, 2002 May 1, 2002 April 1, 2002 March 1, 2002 January 1, 2002 December 1, 2001 November 1, 2001 September 1, 2001 July 1, 2001 May 1, 2001 April 1, 2001 March 1, 2001 February 1, 2001 January 1, 2001

product info tradeshow research rss