Mission Critical Electronics (MCE), parent company to ASEA Power Systems, has acquired Magnus Marine, provider of high-power shore power conversion and hybrid power solutions for megayachts.
The acquisition is intended to strengthen MCE’s position in providing marine power solutions to the superyacht industry.
“This acquisition enables MCE to accelerate the expansion of our product capabilities, as well as our mission to deliver decarbonized marine solutions, meeting the rapidly growing global demand for sustainable marine technologies,” said Kevin Moschetti, CEO of Mission Critical Electronics.
The companies say that integrating Magnus Marine’s advanced hybrid power systems and energy storage technologies into ASEA’s existing portfolio will enhance system efficiency, reduce emissions, and optimize power management for marine applications.
“Magnus’s cutting-edge solutions complement ASEA’s industry-leading shore power systems, said Richard Gaudet, president of MCE marine power.
I am delighted by the opportunities this acquisition presents to drive our collective growth.
Matthew Scales
“As shipyards around the world are actively scaling up designs and construction to meet the growing demand for larger superyachts, this acquisition is enhancing MCE’s ability to support larger vessels with greater power demands.
“This strategic advancement positions us at the forefront of the superyacht industry’s shift toward more sustainable and high-performance yacht and commercial vessel power solutions.”
Magnus Marine’s existing management team and workforce will remain in place and will fall under the overall leadership of Richard Gaudet.
“I am delighted by the opportunities this acquisition presents to drive our collective growth, expand career prospects for our employees, and reinforce our unwavering commitment to delivering exceptional service to our customers,” said Matthew Scales, who will continue as MD of Magnus Marine.
“By integrating our service support networks, we will enhance coverage across more locations worldwide, ensuring faster response times and greater reliability.”
MCE is headquartered in California and develops solutions for power conversion, energy storage, power generation and shore power connectivity.
Magnus Marine is headquartered in Wymondham, UK and designs and manufactures state-of-the-art, bespoke, marine power conversion systems.
The company’s standard platforms are customised for each client.
