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SOCOMEC Acquires Minority Interest in US Power Conversion Product Supplier EPC Power
Thursday 08 November 2018

8 November 2018 - Massachusetts, US-based SOCOMEC US Holding Corp., the US subsidiary of France-based SOCOMEC SAS, has acquired a strategic stake San Diego, US-based power conversion product supplier EPC Power, the company said.
Terms of the investment were not disclosed.
This investment provides SOCOMEC with access to additional inverter products and R and D support key to expanding their North American and global product roadmap, while providing EPC Power with a reliable worldwide strategic partner and additional capital to further accelerate R and D and manufacturing expansions.
EPC Power Corp. creates innovative power conversion products that are stable, powerful and compact. EPC Power engineers and manufactures its commercial power conversion technology for use around the world. EPC's products are NRTL certified to UL standards for use across North America.
SOCOMEC is in the power industry with an entire line of low voltage electrical networks such as load and transfer switches, a complete line of fuse and electronic protection, multifunction meter products as well as power conversion systems and energy storage solutions.
SOCOMEC SAS a Benfeld, France Innovative Power Solution Provider, an independent, industrial group.
Details
Date Published: 08/11/2018
Target: EPC Power
Country: USA
Sector: Utilities
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: SOCOMEC US Holding Corp
Comment:
Terms of the deal were not disclosed

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