AMSC completed the acquisition of Comtrafo for $162m.

AMSC, a system provider of megawatt-scale power resiliency solutions, completed the acquisition of Comtrafo, a manufacturer and supplier of high-performance utility-scale power and distribution transformers, for $162m. “Comtrafo is a leader in Brazil’s critical power infrastructure market for power and distribution transformers. The addition of Comtrafo to AMSC’s grid solutions is expected to accelerate further profitability and expand our offerings of proprietary products to meet growing utility and industrial demand across the full power platform, from power generation to transmission, distribution, and industrial end-use. Comtrafo operates in an estimated US$1.5 billion annual market in Brazil, where the local government has outlined significant planned investment exceeding US$20 billion in the country’s electricity grid. We are very excited about the business prospects in this large market and throughout Latin America,” Daniel P. McGahn, AMSC Chairman, President and CEO.