Mission Critical Electronics of Huntington Beach, Calif., has acquired Xantrex, a supplier of power electronic products and systems for the mobile power markets. This company was part of the Solar activity of Schneider Electric. Financial details of the transaction are not disclosed.
“We are delighted to have Xantrex join Mission Critical Electronics (MCE),” said Kevin Moschetti, CEO of MCE. “Xantrex’s products are high quality, technologically advanced, and valued by their 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.”
MCE designs, manufactures, and distributes electronic power products for a variety of applications that include specialty vehicle and marine markets.
“This is a very exciting juncture for Xantrex,” said Richard Gaudet, Xantrex vice president and general manager. “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.”
