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Siemens to acquire Massachusetts-based electric infrastructure manufacturer Russelectric To learn more about Russelectric products and the company’s commitment to customer satisfaction, visit. Russelectric products carry the longest and most comprehensive warranty in the industry and are backed by a team of expert factory-direct field service engineers.
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The company maintains vertically-integrated manufacturing facilities in Massachusetts and Oklahoma, where it designs and builds a full line of automatic transfer switches, switchgear, and controls. Siemens in the USA reported revenue of $23.3 billion, including $5.0 billion in exports, and employs approximately 50,000 people throughout all 50 states and Puerto Rico.įounded in 1955, Russelectric® provides high-integrity power control solutions for mission critical applications in the healthcare, information technology, telecommunication, water treatment, and renewable energy markets. With approximately 372,000 employees in 190 countries, Siemens reported worldwide revenue of $92.0 billion in fiscal 2017. One of the world’s largest producers of energy-efficient, resource-saving technologies, Siemens is a leading supplier of systems for power generation and transmission as well as medical diagnosis. subsidiary of Siemens AG, a global powerhouse focusing on the areas of electrification, automation and digitalization. Phone: +1 (202) 316-0219 E-mail: us on Twitter at: About Siemens Terms of this transaction are not disclosed. Russelectric will now operate as “Russelectric, A Siemens Business”. “The synergies with Siemens are significant, and we are all looking forward to seeing them come to life as part of the new organization”. “Today marks the turning of a page in the history of Russelectric, starting of a new chapter of growth in our current markets as well as outside of them,” said Dorian Alexandrescu, President and CEO of Russelectric Inc. “Our teams are ready to work together across the low voltage power market to provide technologies that ensure critical installations receive uninterrupted, secure power.”
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“We’re thrilled to officially welcome Russelectric to the Siemens family with the closing of this acquisition”, said Barry Powell, Vice President and Business Unit Head, Siemens Low Voltage & Products, North America. footprint of over 50 manufacturing, R&D and digital hubs and its 50,000 U.S. Russelectric’s 400 employees across its manufacturing hubs in Hingham, MA and Broken Arrow, OK will expand Siemens’ existing U.S. These combined efforts will help better address growing power reliability, security and affordability needs across critical markets like data centers, public infrastructure, and healthcare. The transaction, first announced in early October 2018, brings together the companies’ complementary electrical power portfolios and service organizations. manufacturer of power control systems including paralleling switchgear and automatic transfer switches. Siemens announced today it has closed the acquisition of Massachusetts-based Russelectric ®, a leading U.S. Siemens closes acquisition of Massachusetts-based electric infrastructure manufacturer Russelectric Russelectric Innovation Center-Microgrid Demo.Russelectric Distributed Energy Controller.Operator Interface and Communications Upgrades.Enhance Performance, Extend Life, Increase Capabilities.Standard – Dual Hot Standby PLC’s with 23” OIP.5-15kV Circuit Breaker Bypass/Isolation Switch.5-15kV Circuit Breaker Automatic Transfer Switches.