Rapid electrification, the expansion of renewables and the increasing popularity of megatrends such as e-mobility open up new business opportunities around the globe, particularly for the electrical industry. In the light of this, the United States remains a high focus market, not least because of extensive government investment programs. In order to maintain a leading position in the region, DEHN is acquiring parts of ABB's surge protection business in the US. “International growth is central to the continued positive development of our company,” says Dr Philipp Dehn, CEO of DEHN SE. "The US market offers us a range of attractive business opportunities that we can now address even faster and on a wider scale thanks to the expertise and excellent market position of the Current Technology and Joslyn brands."
DEHN is stepping up its activities in the United States. In the spring of 2024, DEHN Inc. moved its headquarters to Mooresville, North Carolina. This will be the base for driving business development throughout the country and region as well as for establishing a production facility for the American market. In this context, the current acquisition acts as an additional catalyst for DEHN’s goals in the US and the rest of the Americas.
“In combination with our existing portfolio, the addition of Current Technology and Joslyn low-voltage products creates a unique offering for our customers in the US in the areas of power quality, grounding, lightning protection and surge protection," explains Ingo Rutenberg, CEO DEHN Americas. "From planning to the installation and maintenance of lightning and surge protection solutions, we can now cover a wide range of applications and tackle the problems faced by our customers in a targeted and customized manner."
Both Current Technology and Joslyn are well-established and respected brands in the American market, which operate to date as part of ABB. In addition to the corresponding product portfolio including IP, the acquisition also includes a dense network of long-established sales partners in the United States.
Both parties have agreed not to disclose the financial details of the acquisition. Completion of the transaction is scheduled for Q1 2025. From this time onwards, all surge protection products under the names of Current Technology and Joslyn will be manufactured and distributed by the existing subsidiary DEHN, Inc.
