ACON Investments completed the acquisition of a minority stake in Rymel.

ACON Investments, a private equity investment firm, completed the acquisition of a minority stake in Rymel, a manufacturer of transformers for electricity distribution. Financial terms were not disclosed. “We are excited to announce our investment in Rymel, a rapidly expanding company that provides essential components to the energy infrastructure of the Americas. We believe that as energy demand continues to rise, the need for robust distribution networks and an increased number of transformers becomes critical. In this context, we are committed to working closely with Rymel’s talented management team as they execute multiple growth initiatives including expanding the Company’s manufacturing capacity and enhancing its commercial coverage across the region,” Santiago Polo, ACON Managing Director.