Siemens to acquire electric infrastructure manufacturer Russelectric

USA, Georgia: Siemens has announced plans to acquire Massachusetts-based Russelectric, a U.S. manufacturer of power control systems including paralleling switchgear and automatic transfer switches.

The acquisition will bring together the companies’ complementary advanced electrical power portfolios and service organizations to help critical markets address the growing need to improve power reliability, security and affordability, the company press release said.

Russelectric’s approximately 400 employees across its headquarters and manufacturing facility in Hingham, MA and manufacturing and training hub in Broken Arrow, OK will be added to Siemens’ existing U.S. footprint.

Source: Siemens