AMSC Acquires NWL, Inc. For $25M In Cash And Issued 1,297,600 Restricted Shares Of Common Stock With A Value Of ~$31.4M
Portfolio Pulse from Benzinga Newsdesk
AMSC (NASDAQ:AMSC) has acquired NWL, Inc. for $25 million in cash and 1,297,600 restricted shares valued at approximately $31.4 million. The acquisition aims to accelerate AMSC's growth, broaden its product offerings, and expand its market reach. NWL, which has a history of profitable revenue, supplies power components to industrial and military customers. The deal is expected to strengthen AMSC's position in the military power supply market.
August 05, 2024 | 12:09 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
AMSC has acquired NWL, Inc. for $25 million in cash and 1,297,600 restricted shares valued at approximately $31.4 million. The acquisition is expected to accelerate AMSC's growth, broaden its product offerings, and expand its market reach, particularly in the military power supply sector.
The acquisition aligns with AMSC's strategic priorities to accelerate growth and expand market reach. NWL's profitable revenue history and leadership in industrial and military markets are expected to strengthen AMSC's position and deliver greater value to stakeholders.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100