The global site of the UK's leading magazine for automation, motion engineering and power transmission
23 April, 2018

Product and Supplier Search

Facebook

Schneider buys Crydom for $71m to lead the SSR market

01 November, 2005

Schneider Electric is acquiring the solid-state relay (SSR) manufacturer Crydom from its US parent, Silicon Power, for $71m. Schneider says that the Crydom products, combined with its own Crouzet SSR portfolio, will make it joint global leader in this technology.

Crydom already leads the US SSR market (where it generates 60% of its sales). It is expected to produce a profit close to $8m on sales of $30m this year.

Schneider says it is attracted by the SSR market`s average annual growth rate of more than 5%, and by Crydom`s strategic fit with its own position as a leader in the global contactor market. It expects to "extract synergies" from the Crydom and Crouzet SSR activities. The transaction is expected to be finalised in the first quarter of 2006.

Schneider expects the acquisition to meet its financial criterion of producing a return-on-capital-employed of around 10% within three years of completion.




Magazine
  • To view a digital copy of the latest issue of Drives & Controls, click here.

    To visit the digital library of past issues, click here

    To subscribe to the magazine, click here

    To see the latest Products & Services Directory, click here

     

Exhibition

Birmingham 2018The next Drives & Controls Exhibition and Conference will take place in Birmingham, UK, from 10-12 April, 2018. For more information on the event, visit the Show Web site

Poll

"Do you think that robots create or destroy jobs?"

Newsletter
Newsletter

Events

Most Read Articles