Aurelius sells SEG Electronics to Arteche Group
SEG makes protection relays for medium-voltage power grid applications and serves more than 300 customers across more than 50 countries.
Takeaways
- SEG Electronics is a independent manufacturer of protection relays for medium-voltage power grid applications.
- Aurelius is selling SEG Electronics to Arteche Group.
- The business serves power grid.
Aurelius sold SEG Electronics to Arteche Group, the Spanish power-grid equipment company.
SEG is a German manufacturer of protection relays used in medium-voltage electrical grids, including devices that detect and isolate faults across utility and industrial networks.
The company serves more than 300 customers in more than 50 countries.
Aurelius carved out SEG in 2017 and supported the business through investments in grid reliability products and international sales.
Terms of the sale were not disclosed.
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