OMRON Acquires Chinese Power Latching Relay Manufacturer
OMRON Corp. announced that OMRON (China) Co., Ltd. (OMRON’s China Group Head Office) and Shanghai Best Electrical Appliance Manufacturing Co., Ltd. (BST) entered into an equity transfer agreement under which OMRON (China) will acquire a 100% stake in BST. BST is a manufacturer of power latching relays in China.
According to the companies, in smart grids, which are expected to see a rapid increase in demand, smart meters will become a mainstay device as an interface for connecting power grids with commercial buildings or individual homes. Load switching units for directly controlling the supply of power to smart meters employ power latching relays.