# 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.

- Type: Acquisition
- Announced: 2021-05-06
- Where: Connecticut, United States
- Value: $16.4M
- Status: completed
- Products: rectifiers, transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [AMSC](https://endata.com/companies/23963.md) (acquirer)
- [Neeltran](https://endata.com/companies/54954.md) (target)

## Sources

- [ir.amsc.com](https://ir.amsc.com/news-releases/news-release-details/amsc-extends-new-energy-power-systems-product-offerings/), 2021-05-06: "Neeltran builds upon our recent push into the industrial sector with our acquisition of NEPSI."

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