Watlow completes acquisition of Eurotherm from Schneider Electric
Mike EdwardsNews People in Process acquisition Eurotherm power process control temperature Watlow
Watlow, headquartered in St. Louis, MO, a designer and manufacturer of industrial thermal systems, has completed its acquisition of Eurotherm from Schneider Electric, an energy management and automation company. The terms of the transaction were not disclosed.
Eurotherm is a provider of temperature, power and process control, measurement and data management equipment, systems, software, and services for global industrial markets. The company employs about 650 people worldwide, with headquarters in Worthing, UK, and core manufacturing operations in Ledziny, Poland.
Rob Gilmore (inset above), Watlow’s CEO, said, “We are excited about Watlow and Eurotherm and all we will accomplish together.
“This acquisition aligns with our vision of providing innovative thermal products and technologies that help increase our customers’ competitive advantage. The combination of Watlow and Eurotherm products and technologies will create new global opportunities for our collective customers and allow us to focus our advanced thermal systems in important areas.”
Watlow will establish Eurotherm’s sites in Worthing, U.K. and Dardilly, France as Advanced Development Centers for its electronics and controls product offering and plans to invest in Eurotherm’s facility in Poland to become Watlow’s Manufacturing Center of Excellence in Europe. This additional capacity and capability also provide a path to growth in other parts of the world including the Americas and Asia.
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