American Superconductor Corporation (AMSC) has acquired all outstanding shares of Megatran Industries, Inc. on August 1, 2024, as disclosed in an amended Form 8-K filing. The acquisition was executed through a Stock Purchase Agreement dated August 1, 2024.The filing includes audited financial statements for Megatran Industries for 2022-2023 and unaudited statements for H1 2024. Megatran's revenue grew from $56.2M in 2022 to $72.3M in 2023, with net income rising from $611K to $8.1M. For H1 2024, Megatran reported revenue of $38.3M and net income of $4.9M.AMSC has provided unaudited pro forma consolidated financial statements reflecting the acquisition's impact. The transaction expands AMSC's power systems business, potentially enhancing its market position in transformer and power supply manufacturing.

American Superconductor Corporation (AMSC) has acquired all outstanding shares of Megatran Industries, Inc. on August 1, 2024, as disclosed in an amended Form 8-K filing. The acquisition was executed through a Stock Purchase Agreement dated August 1, 2024.The filing includes audited financial statements for Megatran Industries for 2022-2023 and unaudited statements for H1 2024. Megatran's revenue grew from $56.2M in 2022 to $72.3M in 2023, with net income rising from $611K to $8.1M. For H1 2024, Megatran reported revenue of $38.3M and net income of $4.9M.AMSC has provided unaudited pro forma consolidated financial statements reflecting the acquisition's impact. The transaction expands AMSC's power systems business, potentially enhancing its market position in transformer and power supply manufacturing.