equity firm Ripplewood has finalized its acquisition of the Power Systems Division from Alcatel. The activities are comprised of the AEG SVS Power Supply Systems, Alcatel Converters, Harmer & Simmons and Saft Power Systems business lines.

With approximately 1300 people in 16 countries and 230 million euros of sales in 2004, the group offers one of the widest range of services, systems and products (power systems, uninterruptible power supplies, power controllers, converters…) to diverse end-markets, such as transportation, energy and water, industries and telecommunications.

Ripplewood is a global private equity firm that manages approximately $4 billion of private equity commitments, focusing primarily on investments in the U.S., Europe and Japan. Since its foundation in 1995, Ripplewood has invested in 20 platform companies in multiple industries, including automotive, consumer electronics, direct marketing, financial services, consumer products, entertainment, specialty chemicals, and telecom services.

The company will be led by Bruce Brock, former president and COO of Lucent Power Systems.