Areva acquires transformer maker Megatran

Bethseda, Md., October 22, 2009 – Areva T&D and the shareholders of Megatran Electric Ltd agreed 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.

Following the integration of the company, Megatran will become a new manufacturing unit within Areva T&D’s global Power Transformers Product Line.

Megatran’s President, Peter Huber will remain a member of the senior management team of the new unit.

The completion of the transaction is expected by early November 2009.

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The Clarion Energy Content Team is made up of editors from various publications, including POWERGRID International, Power Engineering, Renewable Energy World, Hydro Review, Smart Energy International, and Power Engineering International. Contact the content lead for this publication at Jennifer.Runyon@ClarionEvents.com.

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