Rueil Malmaison, France — Schneider Electric has signed an agreement to acquire Marisio, a Chilean company that manufactures and sells Installation Systems & Control (ISC) components. Marisio generated 2007 revenues of €11 million and has 230 employees.
The acquisition is another step in Schneider Electric’s strategy to further boost its presence in the fast-growing emerging countries, that accounted for 32% of its sales in 2007.
Marisio is the number 2 player in wiring devices for the Chilean residential market, with presence also in several countries of South America. Since it was founded in 1947, Marisio has gained a strong reputation for its products quality.
Marisio’s product range, markets and distributors are very complementary to Schneider Electric’s. Marisio will add to the Group’s existing low voltage offering a full and innovative range of wiring devices and residential systems. It will also give Schneider Electric a leading position in the residential markets as well as the opportunity to reinforce its presence in the buildings market by proposing more complete solutions.
Filed Under: Electronics • electrical