AMSC acquires Neeltran for $16.4M

AMSC acquired Neeltran, a Connecticut-based supplier of rectifiers and transformers to industrial customers, for $4.5 million in cash, $4.3 million in restricted stock, and $7.6 million in debt repayment. The deal expands AMSC's grid business offerings in the industrial sector.

“Neeltran builds upon our recent push into the industrial sector with our acquisition of NEPSI.”ir.amsc.com

• 1 source
• ir.amsc.comAMSC Extends New Energy Power Systems Product Offerings with the Acquisition of Neeltran, Inc. | AMSCMay 6, 2021

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