MERSEN ACQUIRES ASP, A CHINESE LEADER IN OVERVOLTAGE PROTECTION

The Group strengthens its position in the booming power quality segment

PARIS, (June 24, 2015) — Mersen, global expert in electrical specialties and graphite-based materials, announces the signing of an agreement to acquire ASP, a Chinese leader specialized in overvoltage protection (surge protection devices).


This deal is part of the strategy to expand the presence of Mersen's electrical segment in the overvoltage protection market. Mersen's goal is to achieve close to €40 million of sales in this segment by 2018. This deal follows the acquisition of a majority stake in Cirprotec (Spain) in February 2014, which provided the Group with a strong expertise in IEC standards. Mersen will now build on the recognized ASP brand in China and an efficient industrial platform to roll out across the Asian region which is currently adopting predominantly a technology already deployed in Europe.

ASP has been majority owned by a Taiwanese group (CIMIC) since 2009. The company has a sales network covering the whole China territory and a manufacturing facility in Guangzhou. This business will be integrated into Mersen's Electrical segment and will contribute some €6 million to the Group's annual sales. This deal is scheduled to be completed by September, following approval by the Chinese authorities.

Gilles Boisseau, Group Vice-President Electrical Protection, said: "This deal allows the Group to pursue its growth in the power quality and safety area, benefiting from this market's attractive growth. I would like to extend a warm welcome to ASP employees and I am delighted they will be joining the Mersen teams based in China. Together, we will continue to offer our clients the best solutions tailored to their needs."

Featured Product

Solar FlexRack - TDP Turnkey Tracker

Solar FlexRack - TDP Turnkey Tracker

Solar FlexRack TDP™ Turnkey Trackers are the next generation, single-axis solar tracker solution, complete with comprehensive services and support. What sets this tracking solution apart is its updated tracking technology bundled with a full suite of best-in-class project services and support for commercial and utility-scale solar customers. The TDP Turnkey Tracker offers the lowest total cost solution by providing the only tracker in the industry that includes full design, installation, commissioning, and support services bundled in one contract. Solar FlexRack's TDP Solar Tracker solution is supported by an in-house team of experts that includes mechanical, structural, civil, electrical and geotechnical engineers and geologists. To learn more about Solar FlexRack's TDP Turnkey Tracker, one of the most cost-effective and comprehensive tracker solutions available, please visit: http://solarflexrack.com/products/tracker.