Alstom purchases ASAT Solutions Inc., a Canadian substation automation solutions provider
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Alstom Grid has closed the acquisition of ASAT Solutions Inc. (ASAT), a Calgary, Alberta, Canada based substation automation solutions provider.
ASAT is a Smart Grid technology company that specializes in managing, securing, and delivering substation information for utility operation, maintenance and asset management applications. The Smart Substation technologies enable the electric utilities to be proactive with the information for improving the power system operation, efficiency and reliability.
The ASAT products are in operation at major North American utilities as well as other global national utilities. Typical deployments are for substation modernization projects with Remote Terminal Unit (RTU) based architectures as well as the increasing demand for the IEC 61850 standard based architectures.
The addition of ASAT products will complement Alstom Grid's MiCOM protection relays range and extend the offering of the DS Agile digital control systems, one of the most successful substation automation solutions on the market.
"This acquisition is a great opportunity for Alstom Grid to help accelerate the development of ASAT business while broadening our smart grid ready offer to the market. We look forward to welcoming the ASAT team to the SAS business and enhancing our presence in North America." indicated Hervé Amossé, Vice-President, Alstom Grid Substation Automation Solutions.
"We are extremely excited to become part of the Alstom Grid's Substation Automation System business," said Manford Kwan, President and CEO of ASAT Solutions. "We look forward to seeing our products and solutions integrated into the SAS portfolio and to accelerate growth through SAS global manufacturing and engineering sites. This transaction creates compelling new opportunities for our employees, customers, and partners around the world."