American Superconductor (AMSC) Acquires NWL, Inc. (Megatran Industries)
August 5, 2024
AMSC (American Superconductor) has acquired Megatran Industries d/b/a NWL, a New Jersey-based manufacturer of transformers, inductors and power supplies, in a transaction with total consideration of approximately $62 million (cash plus stock and contingent payment). The deal expands AMSC's product offerings and military/industrial market footprint and is expected to be accretive to earnings as AMSC integrates NWL's capabilities and customer channels.
- Buyers
- AMSC (American Superconductor Corporation)
- Targets
- NWL, Inc. (Megatran Industries d/b/a NWL)
- Industry
- Manufacturing
- Location
- New Jersey, United States
- Transaction Type
- Buyout
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