€4m factory deal strengthens electric fuse business
The €4m deal strengthens Mersen’s manufacturing efficiency in Europe’s electric fuse market, and integrates a high-performance site for the manufacture of some of its future product ranges in accordance with European standards (IEC). The transaction, repurchasing the stake held by the Hager Group, excludes any future earn-out payments.
Fusetech has been a 50:50 joint venture between Mersen and Hager since 2007 and the plant produces DIN low-voltage and medium-voltage fuses and fuse accessories for the European market. The company currently employs around 300 people on a site of 6,000 sq.m. In 2020, Fusetech generated non-Mersen-related sales of approximately €7m.
“I am delighted to see Mersen take this next important step in its plan to build and optimize its fuse product lines in Europe. Fusetech is an excellent industrial base for fuse production developed with our partner Hager Group, which the Group will use to ramp up its presence on the European market. The Fusetech teams already know Mersen and I look forward to welcoming them into the Group,” said Luc Themelin, Chief Executive Officer of Mersen, which has over 50 industrial sites and 16 R&D centres in 35 countries.
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