CHICAGO – ECNETNews reports that QEI, Inc., a prominent player in the power utility sector, has successfully acquired Energy Computer Systems (ECS), significantly bolstering its capabilities with Advanced Distribution Management System (ADMS) technology. Details of the transaction remain confidential.
Located in Bogota, Colombia, ECS is renowned for delivering cutting-edge software solutions to the South and Central American utility markets. The integration of QEI and ECS will provide a robust, comprehensive turnkey solution, combining automation hardware with advanced control center Supervisory Control and Data Acquisition (SCADA) and ADMS software, positioning QEI as a leader in the global utility market.
Erik VanLaningham, Chairman of QEI, remarked, “The acquisition of ECS enhances our software offerings, allowing QEI to deliver a complete solution for our current and future power utility clients amid the complexities of today’s power grid. We are excited to welcome Juan Esteban Hoyos Pareja as the General Manager for Latin America as we aim to expand ECS’ reach throughout the Americas.”
Normand Lavoie, CEO and President of QEI, stated, “This acquisition signifies a vital expansion of our utility product offerings both domestically and internationally. Together with ECS, QEI is well-equipped to support the ongoing modernization of grid systems. Our team is committed to serving our growing customer base effectively.”
In a move to strengthen the transaction, legal counsel was provided while debt financing was arranged to support the acquisition.
ABOUT QEI
QEI specializes in automation products for the Electric Utility and Transit Power sectors, offering SCADA software solutions, distribution management systems, and associated services. The company plays a vital role in enhancing operational efficiency, reducing costs, and promoting safety for its clients. For further information, please visit our website.
ABOUT HC PRIVATE INVESTMENTS
HC Private Investments is dedicated to investing in manufacturing businesses across consumer and industrial markets. The firm collaborates with business owners and management to uncover growth opportunities and maximize value potential.
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