23 August 2012 – Rockwell Automation has announced an agreement to purchase the assets of medium voltage drives business, Harbin Jiuzhou Electric Co. Ltd. for aboutUS$83 million, with closing expected in October 2012.
The acquisition strengthens Rockwell Automation’s presence in the Asia-Pacific motor control market by adding significant capabilities in design, engineering and manufacturing of medium voltage drive products. It also provides access to grid-tie inverter technology. Jiuzhou has successfully served as Rockwell Automation’s contract manufacturer for seven years, in addition to serving its own well-established customer base.
“Jiuzhou’s medium voltage drives business accelerates our emerging markets strategy,” Mike Laszkiewicz, vice president, general manager, Rockwell Automation power control business, says.
“As China expands the consumer side of its economy, investment will continue to grow, requiring energy-saving measures in factories and integrated power applications across many industries,” Bob Ruff, president, Rockwell Automation Asia-Pacific, says. “Medium voltage drives are integral to many large automation projects. These drives help to maximise asset availability and manage energy consumption.”
Rockwell Automation employs more than 1,900 people in China. Jiuzhou serves customers in the electric power, petrochemical, steel, metallurgy, municipal, cement and construction industries. Its medium voltage business will be aligned with the Rockwell Automation control products and solutions operating segment.
Harbin Jiuzhou Electrical Co. Ltd. focuses on research and development, manufacturing, sales and services of high power, electrical and electronic equipment. Products include medium voltage drives, direct current power supplies, switchgear and wind inverters. Jiuzhou was established in 2000 and is registered in Harbin.