MERSEN ACQUIRES THE REMAINDER OF FUSETECH’S CAPITAL

Paris, February 15, 2021

Mersen, a global expert in electrical power and advanced materials, has announced that it has repurchased the stake held by the Hager Group in Fusetech, therebyacquiringfull control of the company based in Kaposvar, Hungary.

This  operation  enables  Mersen  to  strengthen  its  manufacturing  efficiency  on  Europe’s  electric  fuse market,  and  to integrate  ahigh-performance  site  for  the  manufacture  of  some  of  its  future  product ranges  in  accordance  with  European  standards  (IEC).  The  transaction  is  valued  at  approximately €4million, excluding any future earn-out payments.

Fusetech has been a 50:50 joint venture between Mersen and Hager since 2007. Its plant produces cost-competitive industrial fuses 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-relatedsales of approximately €7million.

Luc Themelin, Chief Executive Officer of Mersen, said: “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 HagerGroup, which the Group will use to rampup its presence on the European market. The Fusetech teams already know Mersen and I look forward to welcoming them into the Group.”

CONTACTS

MERSEN
Véronique Boca
Mersen
Tel.: +33 (0)1 46 91 54 40
dri@mersen.com

MERSEN MEDIA CONTACT
Guillaume Maujean/Xavier Mas
Brunswick
Tel.: +33 (0)1 85 65 83 83
mersen@brunswickgroup.com