Alstom Buys Canada’s ASAT Solutions to Boost Smart-Grid Business
Alstom SA (ALO), the French maker of power equipment, bought Alberta-based ASAT Solutions Inc. to expand its smart-grid business for an undisclosed sum.
ASAT makes technology to gather information from electricity substations, which convert voltage from high to low or vice versa. The data is used by electricity utilities gaging demand. The utilities can act on this information to improve efficiency and power distribution.
Alstom is expanding its smart grid business as the transmission needs of utilities which build wind farms and dams increase, requiring more flexible systems to accommodate intermittent power. The company, which makes trains and wind turbines, agreed in September to work on smart-grid projects with Japan’s Toshiba Corp. (6502)
ASAT, based in Calgary, sells its products to North American utilities as well as other national energy groups, according to Alstom, based in Levallois-Perret near Paris. Alstom declined to disclose financial details of the transaction when contacted.
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