M&A Deal Summary

ITEC Acquires Efacec Advanced Control Systems

On March 5, 2014, ITEC acquired electrical equipment company Efacec Advanced Control Systems

Acquisition Highlights
  • This is ITEC’s 1st transaction in the Electrical Equipment sector.
  • This is ITEC’s 1st transaction in the United States.
  • This is ITEC’s 1st transaction in Georgia.

M&A Deal Summary
Date 2014-03-05
Target Efacec Advanced Control Systems
Sector Electrical Equipment
Buyer(s) ITEC
Deal Type Add-on Acquisition

Target

Efacec Advanced Control Systems

Norcross, Georgia, United States
Efacec Advanced Control Systems, Inc. is a provider of smart grid solutions to the global electric power industry. The ACS software suite provides integrated distribution and outage management, simulation, optimization, and enterprise business intelligence. The company’s automation product lines include a wide range of flexible and cost-effective substation, distribution, and feeder automation solutions. ACS is powering the utility of the future.

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Buyer(S) 1

Buyer

ITEC

Monroe, North Carolina, United States
Category Company
Sector Electrical Equipment
DESCRIPTION

ITEC manufactures products for the electrical and electric utility industries in the United States and for export. ITEC is an original equipment manufacturer of instrument transformer products divided into two application areas: revenue metering and protective relaying. ITEC offers a broad variety of product designs well suited for voltage transformer and current transformer service areas. ITEC also offers various support and technical services relating to the application and in-service needs for instrument transformer products.

DEAL STATS #
Overall 1 of 1
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Georgia) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
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