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Siemens buys Electrium to join electrical top three

01 December, 2005

Siemens buys Electrium to join electrical top three

Siemens is buying the British electrical installation equipment manufacturer Electrium, which owns the well-known brands Crabtree, Wylex and Volex. Siemens is buying the business for an undisclosed sum from Electrium`s managers and Lloyds TSB Development Capital, which each own half of the business.

Siemens says that the acquisition will make it one of the top three suppliers to the UK`s £650m electrical installation market. Electrium also has a strong export business to the near and Middle East. Siemens plans to keep the Electrium name and its brands, as well as its distribution channels. Electrium`s chief executive Christopher Thomas will continue to run the business.

Electrium employs about 700 people at four UK sites, including the headquarters at Cannock, West Midlands.

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