Schneider Electric acquires RAM Industries
10 June 2008
Schneider Electric announced it has signed an agreement to acquire USA-based RAM Industries, a provider of control solutions to HVAC&R (heating, ventilation, air conditioning, and refrigeration) to machine original equipment manufacturers (OEMs).
RAM Industries LLC
The company employs 750 people with approximately half of its business outside of the USA, in Europe, South America and Asia.
Founded in 1969, RAM’s (www.ramusa.com) main business is building electronic control panels and has developed its own line of power controllers, motors, and circuit boards, as well as metal fabrication facilities. It is headquartered in Leesport, Pennsylvania, and has manufacturing facilities both there and in Monterrey (Mexico), Caxias du Sol (Brazil) and Wuxi (China).
Schneider Electric says the acquisition will strengthen its Automation business in the OEM market, and will also reinforce its presence in the energy efficiency segment.
Chris Curtis, President and Chief Executive Officer, Schneider Electric North American Operating Division, said: “This acquisition demonstrates our commitment to extend our offering in the OEMs segment, both in the US and abroad. The addition of RAM will accelerate our development as a total, global solutions’ provider and extend our position as a leader in energy efficiency solutions and management.”
Jeff Graby, President and COO of RAM added: “Becoming a part of Schneider Electric is an exciting development for our business. Schneider Electric’s global sales force and strong distribution channel will enable us to deliver our world-class solutions to more customers throughout the world.
RAM revenues have not been disclosed for confidentiality reasons and considering that “their amount is not significant relative to the Group.”
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