Eaton has announced the acquisition of MGE Office Product Systems for €425 million. Christelle Larkins, area manager: South Africa, East Africa and Indian Ocean, MGE Office Protection Systems, explains that with this transaction Eaton has combined its strength with MGE Office Protections Systems to create a larger, stronger, power quality business with a significantly enhanced competitive position.
“Acquiring MGE Office Protection Systems solidifies Eaton’s position as the world’s second largest supplier of power protection solutions. It’s thus a very positive development for MGE Office Protection Systems, giving us the ideal opportunity to harness our collective strengths.”
By adding MGE Office Protection Systems to its business, Eaton has expanded its ability to compete globally through innovative products, new geographic markets, additional distribution channels and a strong manufacturing presence.
“MGE Office Protection Systems brings Eaton valuable technology, innovative ideas and bright minds, which will be invaluable as we work to enhance our collective product portfolio,” says Larkins. MGE Office Protection Systems will form part of Eaton’s Electrical Group.
Larkins says that it’s business as usual at the office at the moment.“The company is engaged in a detailed review of operations at a country level to ensure the most effective use of the resources now available.”
She adds that customers will now be able to enjoy the complimentary product lines of both companies, providing them with a greater array of products and services. “Products from both companies will continue to be sold through existing sales and distribution channels."