Mission Critical Electronics (MCE) has announced the acquisition of Xantrex, which is involved in the development, manufacturing and marketing of power electronic products and systems for the mobile power markets, from Schneider Electric.
“We are delighted to have Xantrex join MCE,” Kevin Moschetti, chief executive officer of Mission Critical Electronics, said. “Xantrex’s products are high-quality, technologically advanced, and valued by its customers. Moreover, Xantrex’s portfolio of power products, end markets, and distribution partners are highly complementary to MCE. The synergies that exist between our companies will provide more value for end-users, original equipment manufacturers, and distribution partners. Most importantly, I am excited about the new growth platforms available, the talent level of the Xantrex people, and the new career opportunities that will be opened.”
“This is a very exciting juncture for Xantrex. 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,” said Richard Gaudet, Xantrex vice president and general manager.