Watlow Electric Manufacturing Company, a North American manufacturer of thermal systems, will purchase Eurotherm, a global provider of temperature and power control measurement systems. The sale is estimated for the end of 2022.
Schneider Electric SE plans to sell Eurotherm to Watlow Electric Manufacturing Company. Regulatory approvals and consultations for Eurotherm's 650 employees are a continuing process.
“Watlow is excited to invest in this innovative product portfolio and professional team,” Rob Gilmore, Watlow Electric Manufacturing Company's CEO said. “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.”
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