ERMCO acquires power electronics pioneer GridBridge

USA, Tennessee: ERMCO, a U.S. manufacturer of distribution transformers and transformer components, has made an agreement to acquire GridBridge Corporation, a privately held power delivery systems company, headquartered in Raleigh, North Carolina.

“Teaming up with GridBridge was a strategic decision prompted by increasing customer requests for advanced power management capability,” said Bill Reffert, President and CEO of ERMCO.

ERMCO will use GridBridge’s power delivery solutions to handle increasingly complex electrical distribution problems, such as integrating renewable generation and energy storage, significantly increasing network efficiency and improving overall reliability and resilience.

Source: BusinessWire