# AMSC acquires Northeast Power Systems for $26M plus stock

AMSC acquired Northeast Power Systems, Inc. (NEPSI), a supplier of medium voltage capacitor banks and harmonic filters, for $26 million in cash and 873,657 restricted shares of AMSC common stock. The acquisition aims to expand AMSC's grid business offerings in the industrial sector.

- Type: Acquisition
- Announced: 2020-10-05
- Where: United States
- Value: $26.0M
- Status: completed
- Products: medium voltage metal-enclosed capacitor banks, harmonic filters, fast switching reactive power solutions, surge protection products
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [AMSC](https://endata.com/companies/23963.md) (acquirer)
- [Northeast Power Systems](https://endata.com/companies/50364.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2020/10/05/2103830/0/en/amsc-accelerates-toward-profitability-with-the-acquisition-of-northeast-power-systems-inc.html), 2020-10-05: "The acquisition of NEPSI directly aligns with AMSC's strategic priorities to accelerate profitable growth independent of its wind business, broaden its product offerings and expand both market reach and market share."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.