{"id":870004,"date":"2025-07-15T17:40:03","date_gmt":"2025-07-15T21:40:03","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/powell-industries-announces-agreement-to-acquire-remsdaq-ltd\/"},"modified":"2025-07-15T17:40:03","modified_gmt":"2025-07-15T21:40:03","slug":"powell-industries-announces-agreement-to-acquire-remsdaq-ltd","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/powell-industries-announces-agreement-to-acquire-remsdaq-ltd\/","title":{"rendered":"Powell Industries Announces Agreement to Acquire Remsdaq Ltd."},"content":{"rendered":"<h2>\nAcquisition advances key strategic initiative to enhance and grow the Company\u2019s automation solutions<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"justify\">HOUSTON, July  15, 2025  (GLOBE NEWSWIRE) &#8212; Powell Industries, Inc. (NASDAQ: POWL) (\u201cPowell\u201d or the \u201cCompany\u201d), 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 \u00a312.2 million British Pounds Sterling, or approximately $16.3 million U.S. Dollars.<\/p>\n<p align=\"justify\">The acquisition advances Powell\u2019s key strategic initiative to expand its automation platform capabilities. The combination of Powell\u2019s hardware and detection sensors with Remsdaq\u2019s 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.<\/p>\n<p align=\"justify\">Brett A. Cope, Powell\u2019s Chairman and Chief Executive Officer, stated, \u201cThe addition of Remsdaq\u2019s 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 \u2013 a growing and underserved demand within the Electrical industry. We\u2019re very excited to welcome the Remsdaq team to Powell.\u201d<\/p>\n<p align=\"justify\">\u201cWe are excited to be joining a globally recognized leader in electrical distribution and control like Powell at such a pivotal time for the industry,\u201d added Ray Colston, Managing Director of Remsdaq. \u201cPowell\u2019s 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.\u201d<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <u>Transaction Details<\/u><br \/>\n        <\/strong><br \/>\n        <br \/>Total consideration for the transaction is based on an enterprise value of \u00a312.2 million Pounds Sterling and will be funded with cash on hand. The consideration includes an upfront payment of \u00a39.2 million Pounds Sterling with the remaining portion contingent upon Remsdaq meeting certain technical and financial milestones. Management expects the transaction to close during the fourth quarter of fiscal 2025, subject to customary closing conditions. Upon close, Remsdaq will become a wholly owned subsidiary of Powell (U.K.) Ltd.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <u>About Powell<\/u><br \/>\n        <\/strong><br \/>\n        <br \/>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.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <u>About Remsdaq<\/u><br \/>\n        <\/strong><br \/>\n        <br \/>Remsdaq is a customer-focused organization specializing in the design and manufacture of advanced technology solutions. Remsdaq\u2019s principal business areas\u00a0include: SCADA remote terminal units\u00a0for the electricity industry,\u00a0Integrated Security\u00a0(access control systems and perimeter intrusion detection systems) and\u00a0Mobilizing 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\u00a0buildings. For more information, please visit remsdaq.com.<\/p>\n<p align=\"justify\">\n        <em>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\u2019s filings with the\u00a0Securities and Exchange Commission, copies of which are available from the Company without charge.<\/em>\n      <\/p>\n<p align=\"justify\">\n        <strong>Contact:<\/strong><br \/>\n        <br \/>Michael Metcalf, CFO <br \/>Powell Industries, Inc.<br \/>713-947-4422<\/p>\n<p align=\"justify\">Robert Winters or Ryan Coleman<br \/>Alpha IR Group<br \/>POWL@alpha-ir.com<br \/>312-445-2870<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ5NDgzMyM3MDQ4OTI5IzIwMjAzNTc=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/NWQ2OThjYjMtNDA0NC00YmNmLTlhNzctMGFhYmFhYWEyOTRhLTEwMzE5MjktMjAyNS0wNy0xNS1lbg==\/tiny\/Powell-Industries-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Acquisition advances key strategic initiative to enhance and grow the Company\u2019s automation solutions HOUSTON, July 15, 2025 (GLOBE NEWSWIRE) &#8212; Powell Industries, Inc. (NASDAQ: POWL) (\u201cPowell\u201d or the \u201cCompany\u201d), 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 \u00a312.2 million British Pounds Sterling, or approximately $16.3 million U.S. Dollars. The acquisition advances Powell\u2019s key strategic initiative to expand its automation platform capabilities. The combination of Powell\u2019s hardware and detection sensors with Remsdaq\u2019s Supervisory Control and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/powell-industries-announces-agreement-to-acquire-remsdaq-ltd\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Powell Industries Announces Agreement to Acquire Remsdaq Ltd.&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-870004","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Powell Industries Announces Agreement to Acquire Remsdaq Ltd. - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/powell-industries-announces-agreement-to-acquire-remsdaq-ltd\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Powell Industries Announces Agreement to Acquire Remsdaq Ltd. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Acquisition advances key strategic initiative to enhance and grow the Company\u2019s automation solutions HOUSTON, July 15, 2025 (GLOBE NEWSWIRE) &#8212; Powell Industries, Inc. (NASDAQ: POWL) (\u201cPowell\u201d or the \u201cCompany\u201d), 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 \u00a312.2 million British Pounds Sterling, or approximately $16.3 million U.S. Dollars. The acquisition advances Powell\u2019s key strategic initiative to expand its automation platform capabilities. The combination of Powell\u2019s hardware and detection sensors with Remsdaq\u2019s Supervisory Control and &hellip; Continue reading &quot;Powell Industries Announces Agreement to Acquire Remsdaq Ltd.&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/powell-industries-announces-agreement-to-acquire-remsdaq-ltd\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-15T21:40:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ5NDgzMyM3MDQ4OTI5IzIwMjAzNTc=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/powell-industries-announces-agreement-to-acquire-remsdaq-ltd\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/powell-industries-announces-agreement-to-acquire-remsdaq-ltd\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Powell Industries Announces Agreement to Acquire Remsdaq Ltd.\",\"datePublished\":\"2025-07-15T21:40:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/powell-industries-announces-agreement-to-acquire-remsdaq-ltd\\\/\"},\"wordCount\":747,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/powell-industries-announces-agreement-to-acquire-remsdaq-ltd\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTQ5NDgzMyM3MDQ4OTI5IzIwMjAzNTc=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/powell-industries-announces-agreement-to-acquire-remsdaq-ltd\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/powell-industries-announces-agreement-to-acquire-remsdaq-ltd\\\/\",\"name\":\"Powell Industries Announces Agreement to Acquire Remsdaq Ltd. - 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(NASDAQ: POWL) (\u201cPowell\u201d or the \u201cCompany\u201d), 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 \u00a312.2 million British Pounds Sterling, or approximately $16.3 million U.S. Dollars. The acquisition advances Powell\u2019s key strategic initiative to expand its automation platform capabilities. 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