M&A Deal Summary

Applied Superconductor Acquires Zenergy Power

On January 27, 2010, Applied Superconductor acquired electrical equipment company Zenergy Power

Acquisition Highlights
  • This is Applied Superconductor’s 1st transaction in the Electrical Equipment sector.
  • This is Applied Superconductor’s 1st transaction in the United States.
  • This is Applied Superconductor’s 1st transaction in California.

M&A Deal Summary

Date 2010-01-27
Target Zenergy Power
Sector Electrical Equipment
Buyer(s) Applied Superconductor
Deal Type Add-on Acquisition
Advisor(s) Woodside Capital Partners (Financial)

Target

Zenergy Power

San Francisco, California, United States
Zenergy Power Inc. manufactures and markets electrical power solutions.

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Buyer(S) 1

Buyer

Applied Superconductor

Blyth, United Kingdom

Category Company
Founded 2004
Sector Technology Hardware
Revenue 542M GBP (2010)
DESCRIPTION

Applied Superconductor produces devices for utility and industry electrical networks employing superconductor technologies. Their specialist area is fault current management. The Company's Superconducting Fault Current Limiters ("SFCLs") protect high-voltage electricity networks from the damaging effects of faults by blocking current surges that arise when short-circuits occur. The Company's solutions reduce asset management costs whilst improving network safety, stability and efficiency. Fault Current Limiters support the connection of renewable energy generators to distribution networks assisting the industry to meet Low Carbon Policy targets. Applied Superconductor was founded in 2004 and is based in Blyth, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector: Electrical Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2010 M&A 1 of 1