Schneider Electric strengthens its position in low voltage products and systems in the UK market
Today Schneider Electric announces that its Nordic Lexel Group has acquired MITA Holdings Ltd, a British company specialising in cable management systems for low voltage installations (trunking & ducting equipment).
MITA is a leading supplier of cable management products in PVC and composite material in the UK, with current revenues of approximately EUR 31 million (FRF 200 million) and a workforce of about 180 people. The company is serving both the commercial and industrial market segments and has established a strong position with the main national and independent electrical wholesalers.
The acquisition of MITA is part of the continuation of Schneider Electric's strategy to consolidate its position within the low voltage products and systems.