Franklin Electric Co., Inc. (Nasdaq: FELE), Bluffton, IN, has acquired Cerus Industrial Inc., Hillsboro, OR, for $25.7 million.
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Cerus manufactures motor controls, motor starters, contactors, protection devices, and variable frequency drives. Sales in 2011 were $14 million.
\”Cerus has deep technical and manufacturing strengths in several areas that are of strategic interest to Franklin Electric including variable frequency drives, starters, and control panels,\” said Scott Trumbull, Franklin CEO. \”The demand for electronic drives and controls for pumping applications is growing rapidly because these devices allow our customers to reduce energy cost, increase system life, and manage system parameters such as pressure and flow.\”