Tripp Lite Buys Keyspan
The power and connectivity products provider Tripp Lite announced late last week that it has acquired the rival firm Keyspan. The brands will be united under the Tripp Lite name.
Financial terms of the purchase were not disclosed.
“We share similar target markets as well as channel loyalty and product quality philosophies,” Tripp Lite’s executive vice president, Keelin Wyman, said as part of the announcement. “This acquisition will ensure that Keyspan customers benefit from Tripp Lite’s manufacturing excellence, broad distribution channel and trusted reputation for providing reliable products worldwide.”