Schneider Electric has sold its UK-headquartered Eurotherm business to Watlow
Schneider Electric has sold its UK-headquartered Eurotherm business to Watlow, the US designer and manufacturer of industrial thermal systems.
Eurotherm supplies temperature, power, and process control, measurement and data management equipment, systems, software and services to global markets. Its headquarters are in Worthing, UK and it has manufacturing operations in Lędziny, Poland. It employs around 650 people worldwide.
Watlow is a global manufacturer of thermal products and systems that employs more than 4,200 people in 13 manufacturing facilities and five technology and development centres in the US, Mexico, Europe and Asia. It holds more than 1,100 patents.
Eurotherm was founded in Worthing in 1965 and soon launched the world’s first solid-state controller. In 1970, it set up several independent companies including Chessell to manufacture data recorders, and Turnbull Control Systems (TCS) to produce process control systems. In 1974, it established Shackleton Systems Drives (SSD) – at the time, the UK’s biggest manufacturer of variable-speed drives and controls. In 1991, it became Eurotherm Drives.
Rothschild & Co advised on the sale of this transaction. For further detail please contact Graham Carberry.