Siemens closes Acquisition of Electric Infrastructure Manufacturer Russelectric

Russelectric 400

March 5, 2019

Siemens recently announced it has closed the acquisition of Massachusetts-based Russelectric, a U.S. manufacturer of power control systems including paralleling switchgear and automatic transfer switches. The transaction, first announced in early October 2018, brings together the companies’ complementary electrical power portfolios and service organizations. These combined efforts will help better address growing power reliability, security and affordability needs across critical markets like data centers, public infrastructure, and healthcare.

Russelectric’s 400 employees across its manufacturing hubs in Hingham, MA and Broken Arrow, OK will expand Siemens’ existing U.S. footprint of over 50 manufacturing, R&D and digital hubs and its 50,000 U.S. employee base.

“We’re thrilled to officially welcome Russelectric to the Siemens family with the closing of this acquisition”, said Barry Powell, Vice President and Business Unit Head, Siemens Low Voltage & Products, North America. “Our teams are ready to work together across the low voltage power market to provide technologies that ensure critical installations receive uninterrupted, secure power.”

“Today marks the turning of a page in the history of Russelectric, starting of a new chapter of growth in our current markets as well as outside of them,” said Dorian Alexandrescu, President and CEO of Russelectric Inc. “The synergies with Siemens are significant, and we are all looking forward to seeing them come to life as part of the new organization”.

Russelectric will now operate as “Russelectric, A Siemens Business”. Terms of this transaction are not disclosed.

Source

Related Articles



Editor’s Pick: Featured Article

Weidmüller’s u-control 2000: The Automation Controller

Weidmüller’s u-control 2000: The Automation Controller

Weidmüller’s scalable engineering software, u-control 2000, adapts individually to your requirements. And, the u-control is powerful, compact and fully compatible with Weidmüller’s I/O system u-remote. This article looks at what makes u-control the heart of your automation.

Programmable logic controllers (PLCs) are one of the main components of any automated system. A typical control system has inputs, outputs, controllers (i.e., PLCs), and some type of human interaction with the system, a human machine interface (HMI), for example.

Read More



Latest Articles

  • How the OS33C Safety Scanner is Making Workplaces Safer and More Efficient

    June 18, 2024 In today’s fast-paced and demanding industrial environments, ensuring workplace safety and operational efficiency is paramount. However, customers often face a range of challenges that hinder their productivity and increase costs. Enter the OS33C Safety Scanner, a revolutionary solution that addresses these issues head-on, making workplaces safer and more efficient than ever before…. Read More…

  • Ensure Food Safety With Clean Compressed Air

    June 11, 2024 Current Good Manufacturing Practices (cGMP), which fall under the Food Safety Modernization Act (FSMA), stipulate the cleanability and cross-contamination standards that food processing plants must follow, ensuring food is safe for consumption. One easy way to meet cGMP and FSMA guidelines is to upgrade your pneumatic systems with proper air filtration systems…. Read More…