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  6. PowerGEM Acquires Astrapé

M&A Deal Summary

PowerGEM Acquires Astrapé

On April 30, 2024, PowerGEM acquired software company Astrapé

Acquisition Highlights
  • This is PowerGEM’s 1st transaction in the Software sector.
  • This is PowerGEM’s 1st transaction in the United States.
  • This is PowerGEM’s 1st transaction in Alabama.

M&A Deal Summary
Date 2024-04-30
Target Astrapé
Sector Software
Buyer(s) PowerGEM
Deal Type Add-on Acquisition
Advisor(s) Maynard Nexsen (Legal)

Target

Astrapé

Hoover, Alabama, United States
Astrapé provides software and related consulting services to help system planners keep the lights on while transitioning from traditional power generation to clean energy resources. Used by some of the largest system operators and utilities, Astrapé’s SERVM (Strategic Energy and Risk Valuation Model) has become a leading risk modeling solution for resource adequacy studies, resource capacity accreditation, renewable integration assessments, and resource expansion planning studies. Astrapé was founded in 2005 and is based in Hoover, Alabama.

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Buyer(S) 1

Buyer

PowerGEM

Clifton Park, New York, United States
Category Company
Founded 2000
Sector Business Services
DESCRIPTION

PowerGEM is a provider of simulation modeling software and technical services for the electric power industry. The company's power systems transmission reliability & market simulation software products serve over two hundred North American power systems stakeholders. Its software is utilized by grid operators, including many U.S. ISOs and electric utilities, generation/transmission developers & engineering firms to assess electric transmission grid reliability, as well as the technical & economic impacts of transmission congestion in competitive U.S. electricity markets. PowerGEM was formed in 2000 and is based in Clifton Park, New York.

DEAL STATS #
Overall 1 of 2
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
State: Alabama M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2024 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-10 Marquette Energy Analytics

Milwaukee, Wisconsin, United States

Marquette Energy Analytics is an energy demand forecasting service, providing demand forecasts for natural gas and electric distribution utilities. Through its cloud-based SaaS products, MEA delivers actionable energy-related data for decision-support tools to help improve how utilities manage their energy portfolios. Marquette Energy Analytics was formed in 2018 and is headquartered in Milwaukee, Wisconsin.

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