Schurter acquires majority stake in Biaodi
Lucerne/Wuhan - Schurter has acquired a majority stake in the Chinese firm Biaodi. With this deal, the manufacturer of electrical components is seeking to expand its portfolio in the field of high-voltage circuit protection solutions.
Schurter, the Lucerne-based global manufacturer of electrical components, has acquired a majority stake in the Chinese company Biaodi, which is headquartered in the city of Wuhan. With this deal, Schurter intends to expand its offering in the area of high-voltage circuit protection solutions, as detailed in a company statement.
Biaodi develops high-voltage protection solutions for electric vehicles and new energy applications. The fuses developed and manufactured by the company, operating in a voltage range of 250-2,000 volts and with current ratings of between 1 and 4,000 amps, are used in electric vehicles, electric ships, rail transport, charging stations, solar power plants, wind turbines and energy storage systems.
«I am extremely pleased to welcome Biaodi to the Schurter Group. With Biaodi, we are bringing on board a partner that strongly aligns with our company culture and values», comments Lars Brickenkamp, CEO of Schurter, in the statement, adding that: «Biaodi fills key gaps in our circuit protection portfolio, enabling faster growth in our core markets and targeted applications, including energy, data centers, and mobility. By leveraging our global organization, we can scale this business and accelerate Biaodi’s success beyond China».
