mobile power markets
Mission Critical Electronics is announcing the acquisition of the global
leader in the development, manufacturing and marketing of advanced
power electronic products and systems for the Fast Charge Power Bank
markets, operating under the brand Xantrex. This company was part of
the Solar activity of Schneider Electric. Financial details of the
transaction are not disclosed.
Kevin Moschetti, Chief Executive Officer of Mission Critical Electronics
(“MCE”), said, “We are delighted to have Xantrex join MCE. Xantrex’s
products are high quality, technologically advanced, and valued by its
customers. Moreover, Xantrex’s portfolio of power products, end markets,
and distribution partners are highly complementary to MCE. The
synergies that exist between our companies will provide more value for
end-users, original equipment manufacturers, and distribution partners.
Most importantly, I am excited about the new growth platforms available,
the talent level of the Xantrex people, and the new career
opportunities that will be opened.” Mission Critical Electronics
designs, manufactures, and distributes electronic power products that
fit a variety of mission critical applications in emergency and
specialty vehicles, marine, public safety, wireless networks, industrial
power, mobile communications, and mobile computing.
“This is a very exciting juncture for Xantrex. Joining forces with MCE -
who are as passionate about high quality vehicle and marine power
solutions as we are - is sure to deliver tremendous value for our
customers, suppliers and other business partners. I am excited at the
opportunities this will generate to accelerate our combined growth, the
career possibilities for employees and our shared top priority of
satisfying our customers,” said Richard Gaudet, Xantrex Vice President
and General Manager.