Schneider acquires Gunsan Elektrik, Turkey

Schneider Electric SE has signed an agreement to acquire Günsan Elektrik, the second largest player in wiring device accessories serving residential and commercial buildings markets in Turkey. Based in Istanbul and employing over 300 employees, Günsan Elektrik specialises in wiring device accessories. It has a wide offering including switches & sockets, miniature circuit breakers and fuse boxes. The company generated revenues of about TRY 100 million (c. €35 million) in 2013, with an EBITA margin slightly above the Group’s Buildings & Partner business.

Previous articleHappy Independence Day
Next articleMaster Lock acquires Sentry Safe