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mobile power markets20/7/2019

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.

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