WAUKESHA, Wis. — Generac Holdings Inc. (NYSE: GNRC) closed on the previously announced agreement to acquire Selmec Equipos Industriales, S.A. de C.V. and its wholly-owned subsidiaries from Enesa Energia, S.A. de C.V. and Enesa, S.A. de C.V.
Selmec is a designer and manufacturer of industrial generators from 10 kW to 2,750 kW and other electric systems. The agreement includes the power generator product and after-sale support services of the business.
With approximately 300 employees and 100,000 sq.ft. of production capacity, Selmec offers specialized engineering capabilities, robust integration, project management and remote monitoring services.
About Generac (NYSE:GNRC):
Since 1959, Generac has been a leading designer and manufacturer of a wide range of power generation equipment and other engine powered products. As a leader in power equipment serving residential, light commercial, and industrial markets, Generac's power products are available globally through a broad network of independent dealers, distributors, retailers, wholesalers and equipment rental companies, as well as sold direct to certain end user customers.
About Selmec (Selmec Equipos Industriales, S.A. de C.V.):
With more than 75 years in the distributed energy market, Selmec designs and manufactures diesel generators from 10kW to 2,750kW and natural gas and LP gas generators from 30kW to 400kW. Selmec products are complemented with experience in integral solutions for engineering, procurement, implementation, operation and maintenance of power generation and management projects.