Areva TD acquires Megatran and secures Hydro-Quebec
By Anthony Capkun
Areva T&D has acquired Megatran Electric Ltd., a Canadian-based power transformer manufacturer. The acquisition of Megatran (based in Saint-Jean-de-Richelieu, Que.), will extend Areva’s power transformer industrial footprint to North America, says the company; in turn, Megatran’s production capacity is expected to increase by 50%, leading to the creation of new manufacturing and engineering jobs.
“By joining Areva T&D, we will capitalize on [its] broad
international commercial expertise and, together, improve our power
transformers’ performance, which will step-up production volumes,” said
Peter Huber, Megatran’s president. “This is clearly an exciting
opportunity for the local Quebec economy.”
By combining Areva global solutions and experience with Megatran’s
local manufacturing capacity, Areva has also been able secure a
long-term commercial and service agreement to become Hydro-Quebec’s
major supplier of power transformers up to 100 MVA. Areva says this
acquisition will help it become the number one player in Canada for
power transformers up to 100 MVA.
“Consolidating Areva’s presence is good news for Quebec because it
secures a large portion of Hydro-Quebec TransÃ‰nergie’s supply of power
transformers rated under 100 MVA,” said Nathalie Normandeau, deputy
premier. “Over the next five years, Hydro-Quebec TransÃ‰nergie plans to
place orders worth over $100 million to equip its transmission grid.”
Following the integration of the company, Megatran will become a new
manufacturing unit within Areva T&D’s global power transformers
product line. Its president, Peter Huber, will remain a member of the
senior management team of the new unit.