Powell Industries Announces Agreement to Acquire Remsdaq Ltd.

Acquisition advances key strategic initiative to enhance and grow the Company’s automation solutionsHOUSTON, July 15, 2025 (GLOBE NEWSWIRE) -- Powell Industries, Inc. (NASDAQ: POWL) (“Powell” or the “Company”), 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 ...