| REDUR is a successful manufacturer of instrument transformers for low-voltage applications and of measurement transducers, the main areas of application for these technologies being electricity measurements. End users include substation builders, energy supply companies and manufacturers of control-technology devices. The company will be integrated into the Group's ELCOM/EMS division. Following the acquisition of Phoenix Mecano SMS on 1 January 2014, this current move is another key element in the strategic development of the transformer and instrument transformer segment in which Phoenix Mecano combines existing expertise and know-how with acquiring products, know-how and sales channels within the framework of the realignment of the ELCOM/EMS division. In 2013, REDUR (20 employees) posted turnover of approximately €3 million. The parties have agreed not to disclose the purchase price. | 
