supplier of industrial relays. These products represented $14 million in sales in 2004. The acquisition will significantly broaden Schneider Electric’s line-up, and make the company one of the top three global suppliers of industrial relays, Schneider said.
“Magnecraft products fit extremely well with our existing Telemecanique and Square D products, allowing us to offer our OEMs (original equipment manufacturers), panel builders and end-user customers a complete range of high performance relays for all types of industrial applications,” said Dave Petratis, president and chief executive officer of Schneider Electric’s North American Operating Division.
Industrial relays are automation components used in all types of industrial equipment to switch low currents or interface signals.