Luxembourg, Luxembourg, March 09, 2016 --(PR.com
)-- 3W Power S.A., the holding company of AEG Power Solutions Group, a global provider of power supply solutions and service for critical infrastructure, announces the completion of the sale of its two multi-vendor UPS provider subsidiaries Fluxpower GmbH and Primetech Srl. to Legrand SA, a global specialist in electrical and digital building infrastructures.
Fluxpower, founded in 2010 (and acquired by AEG PS in 2011), is a multi-vendor UPS sales and service provider to the power electronics and facility management industry.
Primetech was founded 26 years ago and acquired by AEG PS in 2013. In addition to being a multi-vendor UPS supplier, Primetech has developed a robust service know-how covering the Italian critical power market.
AEG PS is a world provider or power electronics. It offers product and service portfolios in uninterruptible power supply (UPS), power conversion and control, for customers spanning the infrastructure markets of energy, telecom, lighting, transportation and general industry sectors. AEG PS developed a range of products for the solar energy industry, from solar central inverters, software monitoring, turn-key electrical balance of systems and has invested in areas or power management within distributed power generation and smart micro grids.
Jeffrey Casper, AEG PS CEO explained, “I am very pleased that we have managed to both further simplify our business and find a suitable home for Fluxpower and Primetech. The management teams of Fluxpower and Primetech have been terrific additions to AEG PS these past years. Consistent with our plan to narrow our focus and grow in our core markets of critical infrastructure, these divestments enable us to accelerate our progress.”
Legrand with a total workforce of over 36,000 and revenues of EUR 4.8bn is a global specialist in electrical and digital building infrastructures. Legrand’s offering covers seven strategic fields of activity: User interface; Energy distribution; Building systems; Cable management; Digital infrastructure; UPS and Installation components.
István Nagy of Toren AG acted as exclusive financial advisor to AEG PS in the duo divestiture process of Fluxpower and Primetech. Toren is a Swiss based firm active in multiple countries, executing international transactions in Corporate Finance and in Mergers & Acquisitions.
For additional information about this transaction please contact:
+420 739 661 943