Powell Industries to acquire Remsdaq Ltd for $16.3 million

Powell Industries has entered into a definitive agreement to acquire Remsdaq Ltd, a UK-based manufacturer of Remote Terminal Units for electrical substation control and automation, for £12.2 million (approximately $16.3 million).

“The addition of Remsdaq's people and technology are an important step towards our strategy to grow our Electrical Automation solutions.”powellindustriesinc.gcs-web.com

• 1 source
• powellindustriesinc.gcs-web.comPowell Industries Announces Agreement to Acquire Remsdaq Ltd. | Powell Industries, Inc.Jul 15, 2025

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