Powell Industries Buying Remsdaq In $16.3 Million Deal
By Amit Chowdhry ● Jul 16, 2025
Powell Industries, a leading provider of custom-engineered solutions for electrical energy management, control, and distribution, has announced it has entered into a definitive agreement to acquire Remsdaq for approximately $16.3 million (or £12.2 million). Remsdaq, based in the U.K., manufactures Remote Terminal Units (RTUs) for electrical substation control and automation across the generation, transmission, and distribution sectors.