Watlow®, a designer and producer of entire industrial thermal systems, is happy to announce that it has agreed to purchase Eurotherm® from Schneider Electric, the global leader in energy management and automation's digital transformation. The transaction's terms were not made public.
Eurotherm is a leading global provider of temperature, power, and process control, as well as measurement and data management equipment, systems, software, and services for industrial industries across the world. The company is based in Worthing, United Kingdom, but most of its manufacturing is done in Ldziny, Poland. About 650 people work for the company around the world.
Watlow is excited to invest in this innovative product portfolio and professional team, Combining Eurotherm’s complementary controls technologies with Watlow’s focus on thermal systems, our shared engineer-to-engineer sales models and our focus on common markets will allow Watlow and Eurotherm to better serve all of our respective customers. We are impressed with Eurotherm’s heritage in the controls industry and strong reputation for innovation and quality, so we are looking forward to welcoming the Eurotherm team to Watlow.”
Rob Gilmore, Watlow’s CEO.
Gilmore further shared that Watlow is aggressively investing right now, including in the development of their operations in Europe and Asia, to guarantee that they can serve and respond to customers wherever they are in need. This acquisition will allow them to grow their position in Europe as well as our global electronics and controls expertise.