M&A Deal Summary

DTE Acquires American Light and Traction

On January 1, 2001, DTE acquired utilities company American Light and Traction

Acquisition Highlights
  • This is DTE’s 1st transaction in the Utilities sector.
  • This is DTE’s 1st transaction in the United States.
  • This is DTE’s 1st transaction in Michigan.

M&A Deal Summary
Date 2001-01-01
Target American Light and Traction
Sector Utilities
Buyer(s) DTE
Deal Type Merger

Target

American Light and Traction

Detroit, Michigan, United States
American Light and Traction, is a small utility industry of local power suppliers.

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Buyer(S) 1

Buyer

DTE

Detroit, Michigan, United States

website

Category Company
Founded 1903
Sector Utilities
Employees10,250
Revenue 19.2B USD (2022)
DESCRIPTION
DTE Energy's corporate headquarters in downtown Detroit, Michigan.
DTE Energy's corporate headquarters in downtown Detroit, Michigan.

DTE is a diversified energy company involved in the development and management of energy-related businesses and services nationwide. DTE was incorporated in 1903 and is headquartered in Detroit, Michigan.

DEAL STATS #
Overall 1 of 4
Sector (Utilities) 1 of 2
Type (Merger) 1 of 1
State (Michigan) 1 of 3
Country (United States) 1 of 4
Year (2001) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-05-31 MCN Energy Group

Detroit, Michigan, United States

MCN Energy Group, Inc., is an integrated energy company. MCN is primarily involved in natural gas production, gathering, processing, transmission, storage and distribution, electric power generation and energy marketing.

Buy $4.6B
Mergr

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