Powell Industries Announces Agreement to Acquire Remsdaq Ltd.
Powell Industries (NASDAQ: POWL) has announced a definitive agreement to acquire Remsdaq Ltd., a UK-based manufacturer of Remote Terminal Units (RTUs), for 拢12.2 million (approximately $16.3 million USD). The acquisition aligns with Powell's strategic initiative to expand its automation platform capabilities.
The transaction includes an upfront payment of 拢9.2 million, with the remaining amount contingent upon Remsdaq meeting specific technical and financial milestones. The deal, expected to close in Q4 2025, will be funded with cash on hand. Upon completion, Remsdaq will become a wholly owned subsidiary of Powell (U.K.) Ltd.
The strategic combination integrates Powell's hardware and detection sensors with Remsdaq's SCADA RTUs, positioning the company to address growing demand for sophisticated utility operational efficiency solutions.
Powell Industries (NASDAQ: POWL) ha annunciato un accordo definitivo per acquisire Remsdaq Ltd., un produttore britannico di Remote Terminal Units (RTU), per 12,2 milioni di sterline (circa 16,3 milioni di dollari USA). L'acquisizione 猫 in linea con l'iniziativa strategica di Powell di espandere le capacit脿 della sua piattaforma di automazione.
La transazione prevede un pagamento iniziale di 9,2 milioni di sterline, mentre l'importo residuo dipender脿 dal raggiungimento da parte di Remsdaq di specifici obiettivi tecnici e finanziari. L'accordo, che dovrebbe concludersi nel quarto trimestre del 2025, sar脿 finanziato con liquidit脿 disponibile. Al completamento, Remsdaq diventer脿 una controllata al 100% di Powell (U.K.) Ltd.
Questa combinazione strategica integra l'hardware e i sensori di rilevamento di Powell con le RTU SCADA di Remsdaq, posizionando l'azienda per rispondere alla crescente domanda di soluzioni sofisticate per l'efficienza operativa delle utility.
Powell Industries (NASDAQ: POWL) ha anunciado un acuerdo definitivo para adquirir Remsdaq Ltd., un fabricante del Reino Unido de Unidades Terminales Remotas (RTU), por 12,2 millones de libras (aproximadamente 16,3 millones de d贸lares estadounidenses). La adquisici贸n est谩 alineada con la iniciativa estrat茅gica de Powell para ampliar las capacidades de su plataforma de automatizaci贸n.
La transacci贸n incluye un pago inicial de 9,2 millones de libras, con el monto restante condicionado a que Remsdaq cumpla con hitos t茅cnicos y financieros espec铆ficos. El acuerdo, que se espera cerrar en el cuarto trimestre de 2025, se financiar谩 con efectivo disponible. Una vez completado, Remsdaq se convertir谩 en una subsidiaria de propiedad total de Powell (U.K.) Ltd.
La combinaci贸n estrat茅gica integra el hardware y los sensores de detecci贸n de Powell con las RTU SCADA de Remsdaq, posicionando a la empresa para atender la creciente demanda de soluciones sofisticadas para la eficiencia operativa de servicios p煤blicos.
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Powell Industries (NASDAQ : POWL) a annonc茅 un accord d茅finitif pour acqu茅rir Remsdaq Ltd., un fabricant britannique d'unit茅s terminales distantes (RTU), pour 12,2 millions de livres sterling (environ 16,3 millions de dollars am茅ricains). Cette acquisition s'inscrit dans l'initiative strat茅gique de Powell visant 脿 茅tendre les capacit茅s de sa plateforme d'automatisation.
La transaction comprend un paiement initial de 9,2 millions de livres, le montant restant 茅tant conditionn茅 脿 la r茅alisation par Remsdaq de jalons techniques et financiers sp茅cifiques. La cl么ture de l'accord, pr茅vue au quatri猫me trimestre 2025, sera financ茅e avec des liquidit茅s disponibles. Une fois finalis茅e, Remsdaq deviendra une filiale 脿 part enti猫re de Powell (U.K.) Ltd.
Cette combinaison strat茅gique int猫gre le mat茅riel et les capteurs de d茅tection de Powell avec les RTU SCADA de Remsdaq, positionnant l'entreprise pour r茅pondre 脿 la demande croissante de solutions sophistiqu茅es d'efficacit茅 op茅rationnelle pour les services publics.
Powell Industries (NASDAQ: POWL) hat eine endg眉ltige Vereinbarung zur 脺bernahme von Remsdaq Ltd., einem in Gro脽britannien ans盲ssigen Hersteller von Remote Terminal Units (RTUs), f眉r 12,2 Millionen Pfund (ca. 16,3 Millionen US-Dollar) bekannt gegeben. Die 脺bernahme entspricht Powells strategischer Initiative, die F盲higkeiten seiner Automatisierungsplattform auszubauen.
Die Transaktion umfasst eine Anzahlung von 9,2 Millionen Pfund, wobei der verbleibende Betrag von der Erreichung bestimmter technischer und finanzieller Meilensteine durch Remsdaq abh盲ngt. Der Abschluss des Deals wird im vierten Quartal 2025 erwartet und mit vorhandenen Barmitteln finanziert. Nach Abschluss wird Remsdaq eine hundertprozentige Tochtergesellschaft von Powell (U.K.) Ltd.
Die strategische Kombination integriert Powells Hardware und Detektionssensoren mit Remsdaqs SCADA-RTUs und positioniert das Unternehmen, um der wachsenden Nachfrage nach anspruchsvollen L枚sungen zur betrieblichen Effizienz von Versorgungsunternehmen gerecht zu werden.
- Strategic acquisition enhances Powell's automation capabilities in the utility market
- Transaction will be funded with existing cash, indicating strong financial position
- Acquisition provides access to Remsdaq's established presence in regulated utility markets
- Integration creates synergistic opportunities in predictive analytics and automation solutions
- 拢3 million of consideration is contingent on meeting uncertain technical and financial milestones
- Integration risks associated with cross-border acquisition
- Regulatory approvals and closing conditions could delay completion
Insights
Powell's 拢12.2M acquisition of Remsdaq enhances automation capabilities, offering synergies in electrical control systems with minimal financial impact.
Powell Industries'
The acquisition is particularly synergistic as it combines Powell's hardware and detection sensors with Remsdaq's SCADA (Supervisory Control and Data Acquisition) RTUs (Remote Terminal Units). This integration addresses growing demand for sophisticated solutions in utility operational efficiency, system reliability, and security - a market segment Powell has identified as underserved yet expanding.
From a financial perspective, the deal appears relatively modest for Powell, which can fund the entire transaction with existing cash reserves, suggesting minimal impact on its balance sheet. The contingent payment structure indicates disciplined capital deployment, reducing downside risk while providing upside if Remsdaq performs as expected.
For context, this acquisition aligns perfectly with Powell's core business in electrical energy management and control systems. Remsdaq's expertise in regulated utility markets complements Powell's existing customer base, which includes utilities, oil and gas producers, refineries, and industrial operations. This vertical integration should enable Powell to capture more value from existing customer relationships while potentially opening doors to Remsdaq's client portfolio.
The expected closing in Q4 fiscal 2025 suggests a straightforward regulatory approval process, which is reasonable given the complementary nature of the businesses and the relatively small transaction size in the industrial automation sector.
Acquisition advances key strategic initiative to enhance and grow the Company鈥檚 automation solutions
HOUSTON, July 15, 2025 (GLOBE NEWSWIRE) -- Powell Industries, Inc. (NASDAQ: POWL) (鈥淧owell鈥� or the 鈥淐ompany鈥�), a leading supplier of custom engineered solutions for the management, control and distribution of electrical energy, today announced that it has entered into a definitive agreement to acquire Remsdaq Ltd., a U.K.-based manufacturer of Remote Terminal Units (RTUs) for electrical substation control and automation in generation, transmission and distribution, for a total consideration of
The acquisition advances Powell鈥檚 key strategic initiative to expand its automation platform capabilities. The combination of Powell鈥檚 hardware and detection sensors with Remsdaq鈥檚 Supervisory Control and Data Acquisition (SCADA) RTUs creates a highly synergistic integration that positions the Company to effectively meet the growing demand for more sophisticated solutions that enhance utility operational efficiency, system reliability and security.
Brett A. Cope, Powell鈥檚 Chairman and Chief Executive Officer, stated, 鈥淭he addition of Remsdaq鈥檚 people and technology are an important step towards our strategy to grow our Electrical Automation solutions. Remsdaq has proven hardware and software solutions that have a long-established presence in the regulated utility market. The combination of our respective capabilities will allow us to provide our customers with enhanced automation solutions and valuable predictive analytics that will help to preserve and extend the life of their capital equipment 鈥� a growing and underserved demand within the Electrical industry. We鈥檙e very excited to welcome the Remsdaq team to Powell.鈥�
鈥淲e are excited to be joining a globally recognized leader in electrical distribution and control like Powell at such a pivotal time for the industry,鈥� added Ray Colston, Managing Director of Remsdaq. 鈥淧owell鈥檚 customer-centric philosophy and culture not only complements their market leadership and scale within the Electric Utility space but also aligns closely with our own values and approach. This deep technological and cultural alignment creates an outstanding platform for our products and services. We are eager to see our combined resources address the growing demand for digital automation solutions.鈥�
Transaction Details
Total consideration for the transaction is based on an enterprise value of
About Powell
Powell Industries, Inc., headquartered in Houston, designs, manufactures and services custom-engineered equipment and systems for the distribution, control and monitoring of electrical energy. Powell markets include large industrial customers such as utilities, oil and gas producers, refineries, petrochemical plants, pulp and paper producers, mining operations and commuter railways. For more information, please visit powellind.com.
About Remsdaq
Remsdaq is a customer-focused organization specializing in the design and manufacture of advanced technology solutions. Remsdaq鈥檚 principal business areas聽include: SCADA remote terminal units聽for the electricity industry,聽Integrated Security聽(access control systems and perimeter intrusion detection systems) and聽Mobilizing Command and Dispatch systems. Each division has its own route to market including turnkey projects, value added resellers, OEMs and business partners. Remsdaq is the preferred supplier for clients across industries such as utilities, military, industrial plants, financial institutions, and public sector聽buildings. For more information, please visit remsdaq.com.
Any forward-looking statements in the preceding paragraphs of this release, including those related to the completion of the Remsdaq acquisition, its timing and expected benefits, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties in that actual results may differ materially from those projected in the forward-looking statements. We are subject to certain risk factors, competition and competitive pressures, sensitivity to general economic and industrial conditions, international political and economic risks, availability and price of raw materials, the impact of tariffs and execution of business strategy and the satisfaction of conditions to completion of the acquisition. For further information, please refer to the Company鈥檚 filings with the聽Securities and Exchange Commission, copies of which are available from the Company without charge.
Contact:
Michael Metcalf, CFO
Powell Industries, Inc.
713-947-4422
Robert Winters or Ryan Coleman
Alpha IR Group
[email protected]
312-445-2870
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