This acquisition includes the Wytheville dry-type transformer division and the Roanoke sales office in the US state of Virginia.
MTC retains its Louisville, Ohio large liquid-filled transformer re-manufacturing operations and a spin-off company Evatran, the developers of Plugless Power charging for electric vehicles.
Schaffner CEO Alexander Hagemann said with this acquisition, the company is expanding its technological expertise in the area of power magnetics and its market presence in North America.
The new company, Schaffner-MTC Transformers, will retain MTC management.
