Press Release
AREVA T&D Acquires Power Transformer Manufacturer Megatran Electric Ltd. and Secures Supply Agreement with Hydro-QuébecOctober 22, 2009
BETHESDA, Md., October 22, 2009 – AREVA T&D and the shareholders of Megatran Electric Ltd, today announced that they have signed an agreement for AREVA T&D to acquire Megatran, the Canadian-based power transformer manufacturer.
The acquisition of Megatran, located in Saint-Jean-de-Richelieu, Québec Province, will extend AREVA T&D’s Power Transformer industrial footprint to North America, increasing value for both utilities and industrial customers. In turn, Megatran’s production capacity is expected to increase by 50 percent leading to the creation of new manufacturing and engineering jobs.
By combining AREVA T&D's high quality global solutions and decades of experience with Megatran’s local manufacturing capacity, AREVA T&D has also been able secure a long-term commercial and service agreement to become Hydro-Québec’s major supplier of Power Transformers up to 100 MVA. The acquisition, together with this agreement, will help AREVA T&D become the number one player in Canada for Power Transformers up to 100 MVA.
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