Aerospace and defense power electronics company Martek Power acquired by Cooper Industries
TORRANCE, Calif., 4 Aug. 2011. Aerospace and defense power electronics specialist Martek Power in Torrance, Calif., has been acquired by Cooper Bussmann in St. Louis to enhance Cooper Bussman's expertise in power electronics and power conversion products. Cooper Bussmann, which manufactures fuses for the electrical, electronics, and transportation industries, is a division of Cooper Industries plc (NYSE:CBE) in Dublin, Ireland, which manufacturers electrical products and has annual revenues of $5.1 billion. Cooper acquired Martek Power for $185.9 million. Martek Power designs and builds standard and custom power supplies and DC-DC converters for military, transportation, computing, medical, networking, telecommunications, and data storage applications.
Mike Innab, President of Martek US, will continue in his position with an expanded role, Martek Power officials say, adding that Martek Power will continue to operate as an independent entity owned by Cooper.
For more information contact Martek Power online at www.martekpower.com, Sefelec at www.sefelec.com, Cooper Bussmann at www.cooperindustries.com/content/public/en/bussmann.html, or Cooper Industries at www.cooperindustries.com.
-- Related stories