Narayan AmmachchiEuropean technology services company Indra has acquired US rival Advanced Control Systems (ACS) for US$46 million, giving it access to more than 3,200 potential clients in the North American market.
Based in Norcross, Georgia, ACS provides automation technology to energy transmission and distribution networks, with a large majority of its clients located in the United States and Canada.
Once the deal is closed, Indra will integrate ACS’s technology platforms and solutions into its offerings. These technology platforms, the company says, help utilities companies manage everything, from energy generation to transmission and distribution.
“With the energy utility industry increasing its use of software, along with active data management to optimize asset performance and enhance consumer service and engagement, the combination of Indra and ACS is timely and anticipates global market trends,” Indra stated in a press release.
As both companies are operating in different geographies, the merger creates opportunities for them to cross-sell their products to each other’s clients.
The demand for technologies that help companies better manage their energy transmission and distribution networks is set to grow at annual rate 20% over the next two years, says Indra.
Founded in 1993 with the merger of four companies (Inisel, CESELSA, Eritel, and Disel), Indra provides technology services to a wide range of sectors, including transport and traffic, government and healthcare, financial services, security and defense, telecommunications and media.
As of 2015, Latin America represented 28% of Indra’s revenue, with the company employing around 14,000 people in the region, where it runs 8 software labs and 17 centers of excellence.
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