Generac completed the acquisition of an 84.2% stake in Deep Sea Electronics from Caledonia for £242m.

Generac Holdings, a global designer and manufacturer of energy technology solutions and other power products, completed the acquisition of an 84.2% stake in Deep Sea Electronics, an advanced controls designer and manufacturer, from Caledonia Investments, a self-managed investment trust company, for £242m. “The integration of Deep Sea Electronics will augment our internal capacity in the field of Controls & Automation, helping to drive innovation and speed-to-market across our product development cycles. The team at Deep Sea Electronics will also help facilitate our global product platforming and will accelerate our growth into the distributed energy resource and microgrid market," Patrick Forsythe, Generac Chief Technical Officer.