SOCOMEC Acquires Strategic Stake in EPC Power
SAN DIEGO, Nov. 5, 2018 /PRNewswire/ -- Today EPC Power announced that SOCOMEC US Holding Corp. has acquired an interest in EPC Power. Terms of the investment were not disclosed.
SOCOMEC US Holding Corp. is the US subsidiary of SOCOMEC SAS – a Benfeld, France Innovative Power Solution Provider that is an independent, industrial group of 580M$ revenue, with a workforce of over 3,200 people spread over 27 subsidiaries worldwide.
This investment provides SOCOMEC with access to additional inverter products and R&D support key to expanding their North American and global product roadmap, while providing EPC Power with a reliable worldwide strategic partner and additional capital to further accelerate R&D and manufacturing expansions.
For more information about EPC inverters and the company's extensive line of power conversion technology products — designed and manufactured in San Diego County, Calif. — please call +1.858.748.5590.
About EPC Power Corp.
EPC Power creates innovative power conversion products that are stable, powerful and compact. The firm's field of excellence is the development of globally competitive high-power, high-density electrical conversion systems with a power range of ~100 kilowatts to multi-MW utility scale. EPC products are used in a variety of applications including distributed generation, microgrid, transportation, renewable energy, industrial manufacturing and more. Based in San Diego, EPC Power engineers and manufactures its commercial power conversion technology for use around the world. EPC's products are NRTL certified to UL standards for use across North America. Visit www.epcpower.com to learn more.
Founded in 1922, SOCOMEC is a leader in the power industry with an entire line of low voltage electrical networks such as load and transfer switches, a complete line of fuse and electronic protection, multifunction meter products as well as power conversion systems and energy storage solutions. Visit www.socomec.com to learn more.
Media contact: Laura Schieber