Blackstone Portfolio Company Power Grid Components Acquires Vizimax; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Blackstone's portfolio company, Power Grid Components, has acquired Vizimax, a provider of solutions for high- and medium-voltage electric power systems. The terms of the acquisition were not disclosed.
October 03, 2024 | 9:28 pm
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Blackstone's portfolio company, Power Grid Components, has acquired Vizimax, which could enhance Blackstone's investment portfolio in the electric power systems sector.
The acquisition of Vizimax by a Blackstone portfolio company suggests a strategic expansion in the electric power systems sector, potentially increasing the value of Blackstone's investments. This could positively impact Blackstone's stock in the short term.
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