Automatic transfer switch company acquired
Schneider Electric announced it has signed an agreement to acquire Asco Power Technologies, which specializes in the automatic transfer switch (ATS) market, for $1.25 billion. The acquisition is intended to enhance Schneider Electric’s EcoStruxure Power Platform in key markets and segments.
Asco currently employs 2,000 people, mainly in North America, and operates seven manufacturing sites. Asco has a long history in power management and first introduced ATSs in 1925. They later expanded into surge, loadbanks, and fire pump and control applications. Since December 2016, Asco has been operating as an autonomous part of Vertiv (formerly Emerson Network Power).
Asco specializes in power source management for critical buildings in North America. ATS are designed to automatically transfers critical loads from the primary source of power to the back-up power source in the event of a power outage. It requires compliance with specific technical regulation standards. From an end-market perspective, the acquisition further enhances Schneider Electric’s value proposition in the end-to-end energy management chain for customers in healthcare, financial services, Data centers and other critical buildings.
– Edited from a Schneider Electric press release by CFE Media. See more Control Engineering energy and power products.