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Mersen — M&A Activity 2011
May 30, 2011
1518_rns_2011-05-30_5769f16b-4117-4fa2-aad0-53b1e0c27f65.pdf
M&A Activity
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Paris, May 30th, 2011
Mersen acquires the remainder of Zhejiang Mingrong Electrical Protection's capital
Mersen is announcing that it has acquired the remainder of the capital of Mingrong Electrical Protection (MEP) located in the Chinese province of Zheijiang. It had previously held a 51% stake since July 2008.
With the broadest range of products of all the Chinese participants in the fuse and fusegear market, MEP has contributed to the strong growth in Mersen's export business and sales in China, notably by complementing the Group's existing products with its own. It has also given the Group a stronger commercial presence in the Chinese distributor and original-equipment manufacturer segment. Mersen has successfully won the confidence of MEP's longstanding shareholders in its ability to continue developing new electrical protection technologies in China and Asia. Mersen will share with the newly acquired entity the successful products it has developed in the buoyant energy efficiency and renewable energies segments to accelerate its development.
Full ownership of MEP will help Mersen to harness synergies more rapidly by enhancing the operational efficiency and competitiveness of its production platform. It will also help the Group to consolidate its leadership across all its markets and particularly in Asia.
Paris, May 30th, 2011
About Mersen
Global expert in materials and solutions for extreme environments as well as in the safety and reliability of electrical equipment Mersen designs innovative solutions to address its clients' specific needs to enable them to optimize their manufacturing process in sectors such as energy, transportation, electronics, chemical, pharmaceutical and process industries.
The Group is listed on NYSE Euronext Paris – Compartment B
Visit our website www.mersen.com
Analyst and Investor Contact Press Contact
Stéphanie Atellian Vilizara Lazarova VP Investor Relations Mersen Publicis Consultants Tel. + 33 (0)1 46 91 54 19 Tel. +33 (0)1 44 82 46 34
Email : [email protected] Email : [email protected]