Chloride Group, a business of
Vertiv
Vertiv is an American, Ohio-based, provider of equipment and services for data centers.
Platinum Equity acquired the Emerson Network Power business from Emerson Electric in a transaction valued in excess of $4 billion, completed in December 20 ...
, is the
UK's
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and North ...
largest supplier of
secure power systems to hospitals and other public buildings and facilities. Formerly listed on the
London Stock Exchange
London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pa ...
and a constituent of
FTSE 250
The FTSE 250 Index ( "Footsie") is a capitalisation-weighted index consisting of the 101st to the 350th largest companies listed on the London Stock Exchange. Promotions and demotions to and from the index occur quarterly in March, June, Septemb ...
index, the company has been owned by
Emerson Electric
Emerson Electric Co. is an American multinational corporation headquartered in Ferguson, Missouri. The Fortune 500, ''Fortune'' 500 company manufactures products and provides engineering services for industrial, commercial, and consumer marke ...
since September 2010.
History
Chloride Group was founded in 1891 as ''The Chloride Electrical Syndicate Limited'' to manufacture
batteries
Battery most often refers to:
* Electric battery, a device that provides electrical power
* Battery (crime), a crime involving unlawful physical contact
Battery may also refer to:
Energy source
*Automotive battery, a device to provide power t ...
.
Brand names used included ''Ajax'', ''Exide'', ''Dagenite'', ''Kathanode'', ''Shednought'' and ''Tudor''.
In the 1970s, under its then managing director
Sir Michael Edwardes it showcased the UK's first battery power buses.
In 1999, it diversified into
secure power systems acquiring Oneac in the
US, BOAR SA in
Spain
, image_flag = Bandera de España.svg
, image_coat = Escudo de España (mazonado).svg
, national_motto = '' Plus ultra'' ( Latin)(English: "Further Beyond")
, national_anthem = (English: "Royal March")
, ...
and Hytek in
Australia. In 2000, it acquired the power protection division of
Siemens in
Germany
Germany, officially the Federal Republic of Germany (FRG),, is a country in Central Europe. It is the most populous member state of the European Union. Germany lies between the Baltic and North Sea to the north and the Alps to the sou ...
and in 2001 it acquired Continuous Power International followed, in 2005, by Harath Engineering Services in the
UK. In 2007, it acquired AST Electronique Services, a similar business in
France
France (), officially the French Republic ( ), is a country primarily located in Western Europe. It also comprises of overseas regions and territories in the Americas and the Atlantic, Pacific and Indian Oceans. Its metropolitan ar ...
.
In July 2009, the Company announced the acquisition of a 90% stake in
India
India, officially the Republic of India ( Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the ...
’s leading
Uninterruptible power supply
An uninterruptible power supply or uninterruptible power source (UPS) is an electrical apparatus that provides emergency power to a load when the input power source or mains power fails. A UPS differs from an auxiliary or emergency power syste ...
company, ''DB Power Electronics''.
In September 2010, Chloride Group was fully acquired by
Emerson Electric
Emerson Electric Co. is an American multinational corporation headquartered in Ferguson, Missouri. The Fortune 500, ''Fortune'' 500 company manufactures products and provides engineering services for industrial, commercial, and consumer marke ...
(joining the
Emerson Network Power platform) of the United States for US$1.5 billion.
In 2016,
Emerson Network Power was acquired by Platinum Equity for US$4 billion. The business was rebranded under the name
Vertiv
Vertiv is an American, Ohio-based, provider of equipment and services for data centers.
Platinum Equity acquired the Emerson Network Power business from Emerson Electric in a transaction valued in excess of $4 billion, completed in December 20 ...
, launching as a stand-alone business.
References
External links
Official website*
{{Authority control
Engineering companies of the United Kingdom
Companies based in London
Companies formerly listed on the London Stock Exchange
Technology companies established in 1891
1891 establishments in England
Technology companies disestablished in 2010
2010 disestablishments in England