Microsol buys US company ATS
Irish company Microsol has acquired US company ATS for an undisclosed amount in a new venture to work on opportunities in North America.
Microsol makes equipment to control automated systems for utility companies distributing electrical power. The company was founded in 1986 and in 2000 raised £4.5m (€6.72m) for future expansion - £3.5m (€5.22m) of which came from ICC Venture Capital, and £1m (€1.49m) from Enterprise Ireland.
Employing around 120 people, the company has offices throughout the world.
Customers include Scottish Power and Power Grid Singapore.
Speaking of the acquisition of ATS Denis O’Connor, CEO of Microsol Ltd, said: "Adding ATS's services to Microsol's technology will provide a clear migration strategy from legacy architecture to the integrated networks of tomorrow.
"This development is in line with the business model, which Microsol has applied successfully in other markets such as the UK.
"The blending of the two companies will offer the North American user community advanced products, systems and applications that will produce scaleable, flexible and cost effective solutions."
