Remote Terminal Units (RTUs)
Search documents
Here's Why It is Worth Investing in Powell Industries Stock Now
ZACKS· 2025-12-30 15:10
Key Takeaways POWL posted 9% revenue growth in fiscal 2025 to $1.1B, driven by electric utility and industrial markets.POWL's backlog rose to $1.38B as diversification beyond oil and gas lifted new orders and bookings.POWL is expanding via acquisitions and capacity investments, backed by strong cash and no debt.Powell Industries, Inc. (POWL) stands to benefit from strength across its businesses, focus on operational excellence and a solid liquidity position. The company remains focused on investing in growt ...
Powell Industries Announces Agreement to Acquire Remsdaq Ltd.
Globenewswire· 2025-07-15 20:15
Core Viewpoint - Powell Industries, Inc. has announced the acquisition of Remsdaq Ltd. for £12.2 million (approximately $16.3 million), aimed at enhancing its automation solutions and expanding its capabilities in the electrical energy sector [1][4]. Group 1: Acquisition Details - The total consideration for the acquisition is £12.2 million, which includes an upfront payment of £9.2 million, with the remainder contingent on Remsdaq meeting specific milestones [4]. - The transaction is expected to close in the fourth quarter of fiscal 2025, subject to customary closing conditions, after which Remsdaq will become a wholly owned subsidiary of Powell (U.K.) Ltd. [4]. Group 2: Strategic Importance - The acquisition is part of Powell's strategic initiative to expand its automation platform capabilities, combining its hardware and detection sensors with Remsdaq's SCADA RTUs to meet the growing demand for sophisticated utility solutions [2][3]. - The integration is anticipated to enhance operational efficiency, system reliability, and security for utility customers, addressing a growing and underserved demand within the electrical industry [2][3]. Group 3: Company Profiles - Powell Industries, Inc. specializes in custom-engineered solutions for the management, control, and distribution of electrical energy, serving large industrial customers including utilities and oil and gas producers [5]. - Remsdaq Ltd. focuses on advanced technology solutions, particularly in SCADA RTUs for the electricity industry, and has a strong presence across various sectors including utilities and military [6].