Company: Magnus Marine, Mission Critical Electronics
Business Type: Marine Electronics
UK & International Business Sales and M&A News
Mission Critical Electronics (MCE) has acquired Magnus Marine, a leading provider of high-power shore power conversion and advanced hybrid power solutions for mega yachts.
Together, ASEA and Magnus will drive innovation in sustainable maritime solutions, setting new standards for environmental responsibility while expanding their global reach.
MCE, parent company to ASEA Power Systems (ASEA), is based in California and develops innovative solutions for power conversion, energy storage, power generation and shore power connectivity for a wide variety of end-use applications. It has been supplying the marine industry, including commercial, military, recreational and workboats, for over 50 years
Operating in the marine sector under brands Xantrex, Newmar Power, Asea Power Systems, this strategic acquisition of Magnus Marine further strengthens MCE Marine’s position as the global leader in marine power solutions for the superyacht industry, broadening its product portfolio and European presence to better meet the evolving demands of the marine industry.
Kevin Moschetti, Chief Executive Officer of Mission Critical Electronics, said:
“This acquisition enables MCE to accelerate the expansion of our product capabilities, as well as our mission to deliver decarbonized marine solutions, meeting the rapidly growing global demand for sustainable marine technologies.”
Kevin Moschetti – Chief Executive Officer of Mission Critical Electronics
Integrating Magnus Marine ’s advanced hybrid power systems and energy storage technologies into ASEA’s existing portfolio enhances system efficiency, reduces emissions, and optimises power management for modern marine applications.
Richard Gaudet, President of MCE Marine Power, continued:
“Magnus ’s cutting-edge solutions complement ASEA’s industry-leading shore power systems. As shipyards around the world are actively scaling up designs and construction to meet the growing demand for larger superyachts, this acquisition is enhancing MCE’s ability to support larger vessels with greater power demands.
“This strategic advancement positions us at the forefront of the superyacht industry’s shift toward more sustainable and high-performance yacht and commercial vessel power solutions.”
Richard Gaudet – President of MCE Marine Power
Magnus Marine is based in Wymondham, UK, and designs and manufactures state-of-the-art, bespoke, marine power conversion systems including quality shore-to-ship converters, hybrid generators, energy storage systems, frequency converters and systems to protect sensitive on-board equipment.
Every Magnus system is engineered precisely for an individual yacht and its power requirements. Magnus uses a standard platform where each unit is customised for the client to unique specifications, addressing both the engineering and commercial requirements.
Facilities in its purpose-built workshops include 3D-modelling design and manufacture, clean manufacturing and in-house test facilities. It is able to fully test, under load, every element of the systems as it builds them – a facility that is unique in the industry.
Matthew Scales, Managing Director of Magnus Marine, commented:
“I am delighted by the opportunities this acquisition presents to drive our collective growth, expand career prospects for our employees, and reinforce our unwavering commitment to delivering exceptional service to our customers.
“By integrating our service support networks, we will enhance coverage across more locations worldwide, ensuring faster response times and greater reliability.”
Matthew Scales – Managing Director of Magnus Marine
Following the acquisition, Magnus Marine’s existing management team and workforce will remain in place.
Comments
No comment yet.