Tuesday, September 18, 2018
Source: Indra
Completes its end-to-end offering by adding ACS’s SCADA and real time solutions for operating transmission and distribution networks to Indra’s current software solution platform tailored to the energy and utility companies. Obtains access to the U.S. and Canadian markets, a region with more than 3,200 utilities, most of them municipalities or cooperatives, which are Indra’s target in this geographical market. These references join the ones Indra already has principally in Europe and Latin America.
Through this deal, Indra and ACS look to capture the high growth potential of the transmission and distribution networks advanced management market, which is expected to grow at an annual rate of 20% and reach overall volumes of $1.8 billion by 2021.Indra believes that ACS, currently with double-digit EBITDA margins, may triple or quadruple its revenues ($23.5 million in 2017) in a 5-year horizon. The price of the ACS deal has amounted to $46 million.
Indra, one of the leading global technology and consulting companies, has acquired Advanced Control Systems (ACS), an American company specialized in SCADA and real time solutions for operating energy transmission and distribution networks.Through this deal, Indra looks to capture the high growth potential of the energy transmission and distribution networks advanced management market, which has already a size of $700 million in 2016, and is expected to grow at an annual rate of 20% and to reach overall volumes of $1.8 billion by 2021.The high complementarity of both the product offering and the geographical presence of the two companies significantly improves Indra’s position in this market.
Read more at Indra.