![Iberdrola to buy out Avangrid in $2.6 B deal Iberdrola to buy out Avangrid in $2.6 B deal](https://transform.zgisoft.com/files/Shutterstock_287092451-340x210.jpg)
Iberdrola to buy out Avangrid in $2.6 B deal
The agreement comes after Avangrid abandoned an $8.3 billion deal to acquire US competitor PNM Resources in January.
The agreement comes after Avangrid abandoned an $8.3 billion deal to acquire US competitor PNM Resources in January.
The acquisition covers the fully operational 400 kV 673 ckm interstate transmission line running from Mahan, Madhya Pradesh to the Sipat pooling station in Chhattisgarh.
MSTS is a company providing transformer service, maintenance, installation, oil processing, testing, and repair throughout the USA.
RESA Power, LLC, has acquired AVATT, Inc., a company providing specialized services in transformer installation, service, maintenance, oil purification, and testing across western Canada.
Weidmann OPTOCON is a company specializing in fiber-optic temperature measurement systems
MR has announced the acquisition of Easun-MR Tap Changers (Pvt.) Ltd. (EMR), a former joint venture company.
Actis has launched a new Brazilian transmission platform and acquired 100% of one operational transmission line from EDP Brasil.
Hitachi Energy has completed the acquisition of COET, a designer and manufacturer of power equipment for electric mobility, rail, and industry.
Utility infrastructure company Quanta Services Inc. has paid about $300 million for Pennsylvania Transformer Technology LLC.
Energy engineering solutions provider BRUSH Group has acquired renowned European transformer windings specialist Co.Bo.T srl for an undisclosed sum.
EIS has announced the acquisition of Power Grid Supply, a supplier of transformer parts and components for the production, repair, and remanufacturing of transformers.
Tesar srl completed the acquisition of 100% of the shares of Tesar Gulf.
Hitachi Energy is set to acquire COET S.p.A., a leading designer and manufacturer of power equipment for the rail and electric mobility segments.
Resa Power expands its engineering and electrical testing capabilities in Canada with the acquisition of Taifa Engineering, Ltd.
USA, Texas, Houston: RESA Power has announced the acquisition of HALCO Service Corporation, including HALCO Testing Services, Inc. and AMPS-DMS, Inc.
UK, Dover: Weidman Group has concluded the sale of its North American Diagnostic Laboratory Business and InsuLogicx®brand to Megger Ltd.
UAE, Abu Dhabi: Masdar and Infinity joint venture acquires all shares of Africa-focused renewable power developer Lekela, finalizing a buyout started last summer.
Canada, British Columbia, Surrey: RESA Power, LLC has announced the acquisition of Exell Power Services, Ltd.
Sweden, Stockholm: Mitsubishi Electric Corporation has contracted the acquisition of Scibreak AB, a Swedish-based company that develops DCCBs.
Brazil, São Paulo: The CEO of Brazil’s Neoenergia, Eduardo Capelastegui, said the company is analysing the acquisition of Ceará state’s power distributor Coelce.
United Utility Services has announced completing its acquisition of BHI Power Delivery, a speciality utility and distribution services provider.
KONČAR – Engineering Ltd. has signed and concluded an agreement on the acquisition of 100 % of shares in company Telenerg – Inženjering d.o.o.
Cummins (CMI) has recently announced that through its subsidiary Meritor, it has completed the acquisition of Siemens Commercial Vehicles business.
UK: BRUSH Power Networks has announced the acquisition of KUS Power Engineering, a business that provides design, build and resource solutions for substations.
Switzerland, Zurich: Hitachi Energy Ltd has announced signing a share transfer agreement for the remaining 19.9 % shares from ABB Ltd.
Africa: Daystar Power, a West African provider of hybrid solar power solutions, has announced its acquisition by Shell.
Lithuania, Vilnius: The INVL Renewable Energy Fund I managed by INVL Asset Management is to acquire six solar projects with a total capacity of 102.7 MW.
India, Allahabad: Resurgent Power Ventures Pvt Ltd has announced the acquisition of South East UP Power Transmission Company Ltd (SEUPPTCL).