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20 May

Northern Transformer Completes Strategic Acquisition of VRT Power’s North American Products

TORONTO and TEL AVIV – Northern Transformer Corporation, a leading manufacturer of power transformers for the North American utility market based in Toronto, today announced the acquisition of the North American brand, products and designs of VRT Power Ltd. of Tel Aviv, Israel. Terms of the transaction were not disclosed.

With more than 300 utility grade power transformers and mobile substations installed in North America, VRT Power’s best in class technology for low noise, compact footprints, tailored solutions and proven reliability is highly regarded by leading utility clients.

“This acquisition is perfectly aligned with our strategy and enables Northern Transformer to bring immediate benefits to our clients”, said Alexei Miecznikowski, CEO of Northern Transformer.

“Our vision is to provide our North American clients with unsurpassed local service, quality and technology. The acquisition of VRT Power’s technology is a key advancement in support of our vision”, said Giovanni Marcelli, Chairman of Northern Transformer.

“VRT Power is delighted to find a strong partner in North America to continue to serve our loyal clients with the reliable, innovative and bespoke products they need.  VRT Power has already started working closely with Northern Transformer to ensure a successful transfer”, said Stephen Lord, Executive Chairman of VRT Power Ltd.

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Northern Transformer Corporation was founded in Concord, Ontario in 1981, and is a North American manufacturer of liquid filled transformers of the highest quality and reliability serving the North American market. The company was purchased by new ownership in 2012 and has moved to a new purpose-built 105,000 sq. ft. facility in Maple, ON. Northern Transformer designs and manufactures liquid filled Mobile Substations, Power Transformers, Grounding Transformers and Specialty Transformers and ranging from 5MVA to 200MVA with a maximum primary voltage of 240kV. www.northerntransformer.com

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VRT Power Ltd. is a leading global manufacturer and distributor of electrical infrastructure equipment, principally transformers, for the generation, transmission and distribution of electricity. VRT Power was founded in 1941. The company has played an important role in the development of Israel’s electrical infrastructure and has extensive experience and expertise in the energy sector, particularly in the area of power transmission and distribution. The VRT headquarters and European production facility are based in Ramat Ha’Sharon, Israel. www.vrtpower.com


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