Rueil Malmaison, France ‚â€“ Schneider Electric has signed an agreement to acquire RAM Industries, a leading supplier of engineered control solutions.
RAM provides engineering, design and manufacturing expertise for control solutions to HVAC&R machine manufacturers (OEMs). RAM‚â€™s offering helps OEMs improve their time to market, cost position and competitive advantage in energy efficient technologies. The company employs 750 people with approximately half of solutions used in Europe, South America and Asia.
With this acquisition, Schneider Electric‚â€™s Automation business will strengthen its offering in the OEM market. It will also reinforce its presence in the dynamic energy efficiency segment.
RAM revenues have not been disclosed for confidentiality reasons and considering that their amount is not significant relative to the Group. This acquisition meets Schneider Electric‚â€™s Return on Capital Employed criteria.
Filed Under: Factory automation, Electronics • electrical