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PE-backed Mission Critical Electronics buys Schneider's Xantrex unit

Mission Critical Electronics LLC bought Schneider Electric SE's solar business unit Xantrex Technology Inc. for an undisclosed sum.

A portfolio company of middle-market investor Windjammer Capital Investors LLC since 2016, the buyer offers power conversion, battery charging and battery products through its brands such as Kussmaul Electronics Co. Inc. and ASEA Power Systems. Xantrex is a Canada-based provider of inverters, chargers, battery solutions and related products for various mobile end-market applications.

Lincoln International advised Schneider on the transaction.