Rosebank Industries completed the acquisition of Electrical Components International from Cerberus for $1.9bn.

Rosebank Industries, an investment company, completed the acquisition of Electrical Components International, a company specialised in critical electrical distribution systems, from Cerberus, an alternative investment firm, for $1.9bn. "We've expanded into strategic markets, strengthened our operations for efficiency and scale, and deepened our technical and engineering capabilities, further setting ECI apart in the industry. We're grateful to Cerberus for their unwavering support during our growth and look forward to building on our momentum with Rosebank in the years ahead," Mike Balsei, ECI CEO.