Energy & Power
Transmission & Distribution
Northern Transformer completes VRT Power’s NA products acquisition
By Anthony Capkun
June 2, 2020 – Northern Transformer Corp. has acquired the North American brand, products and designs of VRT Power Ltd. of Tel Aviv, Israel. Terms of the transaction were not disclosed.
“Our vision is to provide our North American clients with unsurpassed local service, quality and technology,” said Giovanni Marcelli, chair of Northern Transformer. “The acquisition of VRT Power’s technology is a key advancement in support of our vision.”
Northern says VRT Power’s “best-in-class technology for low noise, compact footprints, tailored solutions and proven reliability is highly regarded by leading utility clients”.
“VRT Power is delighted to find a strong partner in North America to continue to serve our loyal clients […] VRT Power has already started working closely with Northern Transformer to ensure a successful transfer,” said Stephen Lord, executive chair of VRT Power Ltd.