Schneider Electric has sold Xantrex’s Mobile Power Assets to Mission Critical Electronics
Based in Burnaby, British Columbia, Xantrex is the global leader in the development, manufacturing and marketing of advanced power electronic products and systems for the mobile power industry. The company’s power solutions portfolio includes power inverters, inverter / chargers, power accessories, battery chargers and backup power for the recreational vehicle, marine, heavy duty truck, work and specialty vehicle, bus and industrial markets.
Richard Gaudet, Vice President and General Manager of Xantrex commented, “This is a very exciting juncture for us. Joining forces with MCE – who are as passionate about high quality vehicle and marine power solutions as we are – is sure to deliver tremendous value for our customers, suppliers and other business partners. I am excited at the opportunities this will generate to accelerate our combined growth, the career possibilities for employees and our shared top priority of satisfying our customers.”
Lincoln acted as an advisor to Schneider Electric (ENXTPA: SU) and Xantrex, working closely with Schneider and the Xantrex management team throughout the sale process. This included providing M&A and industry expertise, as well as managing the preparatory, marketing, negotiation and due diligence phases of the transaction. The terms of the transaction were not disclosed.
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