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Atlanta, GA, Oct. 25, 2007 -- Group EFACEC, a supplier of automation systems and infrastructure solutions, announced that it has acquired Atlanta-based Advanced Control Systems Inc. (ACS) for undisclosed terms.
Founded in Portugal in 1948, EFACEC has a presence in more than 60 countries and annual revenue in excess $600 million. EFACEC will leverage the acquisition of ACS as one part of a strategic growth plan for the North American market.
ACS is a provider of smart grid automation solutions to the electric power industry. ACS has over 250 utility customers worldwide. EFACEC will operate ACS as a wholly-owned US subsidiary, with headquarters remaining at the current location in Norcross, GA. Retiring ACS CEO John Muench will serve as an advisor and consultant to EFACEC.
Newly appointed ACS CEO Jose Barbosa said, "ACS has built a well-deserved reputation as an innovator and a reliable partner to utilities for over three decades. EFACEC will build upon this history of success as we expand ACS' range of products and services and increase distribution worldwide. Together, ACS and EFACEC will launch new products and expand services to meet the needs of a rapidly growing smart grid marketplace."
ACS was advised in the transaction by FOCUS Investment Banking and Thompson Hine LLP. EFACEC was advised by King & Spalding LLP.
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