Schneider Electric finalizes the divestment of MGE Office Protection Systems (the small systems operations of MGE UPS Systems)
Rueil Malmaison, October 31, 2007 – Schneider Electric completed yesterday the divestment of
The transaction values the small systems business of MGE UPS Systems (which generated revenues of €156m in 2006) at approximately €425 million (on a debt free cash free basis).
MGE UPS Systems will pursue its operations in large systems and, combined with APC, constitutes the recently established Critical Power and Cooling Services Business Unit of Schneider Electric. Backed by the industry’s broadest service organization and an industry leading R&D investment, the Business Unit's 12,000 employees are helping customers to confront today’s unprecedented power, cooling and management challenges with the most comprehensive range of product and solutions.
About the Critical Power & Cooling Services Business Unit of Schneider Electric
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