Home»News»Cooper Industries acquires Martek Power

Cooper Industries acquires Martek Power

0
Shares
Pinterest Google+
 

Martek will become part of the Cooper Bussmann division of Cooper Industries.Cooper Industries Chairman and Chief Executive Officer Kirk S. Hachigian comments:”The acquisition of Martek provides a significant strategic expansion of Cooper Bussmann’s portfolio of power electronic and power conversion applications. The addition of Martek will take our current strength in power management for the military/aerospace and North American transportation markets and extend it into key verticals such as medical, telecom, data storage, European transportation and the high growth hybrid/electrical vehicle markets.””Additionally, Martek’s proven R&D capabilities in industrial and mission critical power management applications which combined with Bussmann’s expertise will expand our capabilities to deliver advanced power management solutions to a large universe of customers with high-reliability needs.” “Martek provides a key addition to our acquisition growth strategy for the Bussmann Transportation portfolio, bringing that business to $220 million in annual revenues. And with a customer base balanced across North America and Europe, Martek will strengthen Transportation’s presence within each of those geographic markets.”


Electronicsfeed.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. For a full list of the affiliate programs we utilize to help serve unique, ad-free content, take a look at our Advertising Disclosure statement.
Previous post

MIPS Technologies CFO Maury Austin to retire

Next post

Mosaid files suit on Computer Networking patents