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AMSC has acquired Comtrafo, a Brazilian transformer manufacturer, for R$300 million (approximately US$55 million) in cash and restricted shares valued at approximately US$78 million, plus real property for R$155.6 million (approximately US$29 million).
“AMSC believes that the acquisition of Comtrafo directly aligns with the company's strategic priorities to accelerate profitable growth, broaden its product offerings, and expand market reach and share.”ir.amsc.com
Summarized from public sources; check the original articles before acting on it.