M2 EQUITYBITES-August 14, 2019-G/W Electric Acquires Italian Voltage/Senor Manufacturer Altea
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14 August 2019 - Illinois, US-based electric power equipment supplier G and W Electric Co. has acquired Italian voltage and current sensor manufacturer Altea S.R.L., to expand reach in electrical power grid automation, the company said.
Terms of the transaction were not disclosed.
G and W Electric said as the company continues to expand its presence in markets outside North America and enhance its power grid solutions portfolio, adding Altea to the G and W Electric family will develop solutions for the grid of the future.
This acquisition provides opportunities to integrate product lines to achieve the demands for the future grid.
G and W Electric has helped power the world with innovative power grid solutions...