Invensys Energy Systems is extending its presence in the power protection market with the acquisition of UPS vendor Total Power Systems (TPS).
Invensys Energy Systems, the Australian division of US-based vendor Invensys Power Systems, would not disclose exactly how much the acquisition cost, saying only that it was less then $10 million.
TPS designs and manufactures surge and transient protection products for the residential, industrial and commercial markets, products that were missing from Invensys's product line and therefore making TPS a perfect fit.
"As well as enhancing our product line and strengthening our sales and support resources, this deal will pave the way for our entry into several export markets," said Frank Halim, managing director of Invensys Energy Systems.
Invensys also hopes to leverage its acquisition to further penetrate offshore markets, particularly Asia, with its Sola power conditioners and TPS products. The acquisition also opens up greater opportunities in the electrical wholesale, retail and electrical contracting markets.
According to Invensys's Michael Maliia, there will be no job cuts or significant company restructuring as a result of the acquisition. The only impact the acquisition would have on Invensys's channel is in the form of more business and greater opportunities, he claimed.
"Our acquisition of TPS is a significant development that will benefit not only Invensys, but also our customers and resellers," Halim added.