M&A Deal Summary

American Superconductor Acquires Infinia Technology

On September 26, 2017, American Superconductor acquired information technology company Infinia Technology

Acquisition Highlights
  • This is American Superconductor’s 1st transaction in the Information Technology sector.
  • This is American Superconductor’s 2nd transaction in the United States.
  • This is American Superconductor’s 1st transaction in Washington.

M&A Deal Summary

Date 2017-09-26
Target Infinia Technology
Sector Information Technology
Buyer(s) American Superconductor
Deal Type Add-on Acquisition

Target

Infinia Technology

Richland, Washington, United States
Infinia Technology Corp.is a technology firm specializing in the design, development and commercialization of cryo-coolers for a wide range of applications. ITC holds several U.S. government contracts including ones from the U.S. Navy. The company’s cryo-coolers outperform commercially available alternatives from both an efficiency and noise perspective and enable 50% more cooling power for AMSC’s SPS. We believe that there are no other cryo-coolers currently on the market with the same efficiency performance as ITC.

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Buyer(S) 1

Buyer

American Superconductor

Middleton, Wisconsin, United States

Category Company
Sector Semiconductors
DESCRIPTION

American Semiconductor designs and manufactures low-temperature superconducting magnetic energy storage systems.


DEAL STATS #
Overall 3 of 3
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
State: Washington M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-27 Power Quality Systems

West Mifflin, Pennsylvania, United States

Power Quality Systems, Inc. is a provider of reactive compensation products known as Static VAR Compensators, based on its proprietary thyristor switch technology. These products enhance the reliability of power transmission and distribution grids and improve the quality of power for manufacturing operations.

Buy $5M