Siemens closes on electric infrastructure manufacturer Russelectric

The transaction combines the two companies’ complementary electrical power portfolios and service organizations and will address growing power reliability, security and affordability needs across critical markets like data centers, public infrastructure, and healthcare, according to a Siemens media release. Russelectric’s 400 employees at its two manufacturing hubs in Hingham, Massachusetts and Broken Arrow, Oklahoma, will add to Siemens’ U.S. network of more than 50 manufacturing, R&D and digital hubs and 50,000 U.S.-employee base. In a media statement, Siemens VP and Business Unit Head Barry Powell said, “We’re thrilled to officially welcome Russelectric to the Siemens family with the closing of this acquisition. Our teams are ready to work together across the low-voltage power market to provide technologies that ensure critical installations receive uninterrupted, secure power.” Russelectric will now operate as “Russelectric, A Siemens Business.” Terms of the deal were not disclosed.