Schneider Electric, a global specialist in energy management and automation, has acquired Asco Power Technologies, a leader in the Automatic Transfer Switch market, for $1.25 billion.
ASCO employs 2,000 people, mainly in North America, and operates 7 manufacturing sites. ASCO introduced ATS in 1925 and later expanded into surge, loadbanks, and fire pump and control applications. Since December 2016, ASCO has been operating as a autonomous part of Vertiv (formerly Emerson Network Power).
ATS automatically transfers critical loads from the primary source of power to the back-up power source in the event of a power outage. The Asco switches are designed specifically to meet regulations and power voltages used in the U.S.
According to the company, with the addition of the ASCO portfolio, Schneider Electric’s EcoStruxure Power Platform is further enhanced in North America and around the world especially in terms of applications in healthcare, financial services, data centers and other critical buildings.