Generac closes on Selmec deal
Waukesha, Wis.-based Generac Holdings Inc. closed on the previously announced agreement to acquire Mexico City-based Selmec Equipos Industriales. and its wholly-owned subsidiaries from Enesa Energia, and Enesa.
The original plans for the deal were announced in February. Selmec is a leading designer and manufacturer of industrial generators from 10 kW to 2,750 kW and other electric systems. The agreement includes the power generator product and after-sale support services of the business.
With approximately 300 employees and 100,000 sq.ft. of production capacity, Selmec offers a market leading service platform and specialized engineering capabilities, together with robust integration, project management and remote monitoring services.
Generac is a designer and manufacturer of a wide range of power generation equipment and other engine powered products. Selmec has more than 75 years in the distributed energy market, Selmec designs and manufactures diesel generators from 10kW to 2,750kW and natural gas and LP gas generators from 30kW to 400kW.
At the time of the original announcement, Ricardo Navarro, Generac’s Senior Vice President - Latin America, said: “Acquiring Selmec will allow us to dynamically scale our existing Ottomotores business, leveraging both distribution and operational footprints of the combined businesses to offer the Latin American market a broader portfolio of products and solutions.”
The original plans for the deal were announced in February. Selmec is a leading designer and manufacturer of industrial generators from 10 kW to 2,750 kW and other electric systems. The agreement includes the power generator product and after-sale support services of the business.
With approximately 300 employees and 100,000 sq.ft. of production capacity, Selmec offers a market leading service platform and specialized engineering capabilities, together with robust integration, project management and remote monitoring services.
Generac is a designer and manufacturer of a wide range of power generation equipment and other engine powered products. Selmec has more than 75 years in the distributed energy market, Selmec designs and manufactures diesel generators from 10kW to 2,750kW and natural gas and LP gas generators from 30kW to 400kW.
At the time of the original announcement, Ricardo Navarro, Generac’s Senior Vice President - Latin America, said: “Acquiring Selmec will allow us to dynamically scale our existing Ottomotores business, leveraging both distribution and operational footprints of the combined businesses to offer the Latin American market a broader portfolio of products and solutions.”