Business
AMSC Accelerates the Business, Expands Product Portfolio, and Enters Brazil with Comtrafo Acquisition
Transaction Expected to be Accretive to Revenue and Earnings Expands Product Offerings in the Utility and Industrial Sectors Expands Revenue in Brazil and
About this update from American Superconductor Corporation
[{"type":"text","content":"Transaction Expected to be Accretive to Revenue and Earnings Expands Product Offerings in the Utility and Industrial Sectors Expands Revenue in Brazil and Positions for Growth in Latin America AMSC to Hold Conference Call on December 11, 2025 at 9am. AYER, Mass., Dec. 10, 2025 (GLOBE NEWSWIRE) -- AMSC (NASDAQ: AMSC), a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power on the grid™ and protect and expand the capability of our Navy’s fleet, today announced that it has acquired Comtrafo Indústria de Transformadores Elétricos S.A (Comtrafo), a privately held company based in Brazil that manufactures and supplies high-performance utility-scale power and distribution transformers. At closing, AMSC purchased all of the issued and outstanding shares of Comtrafo for R$300 million (Brazilian Real), approximately US$55 million, in cash and issued 2,417,142 restricted shares of AMSC common stock with a value of approximately US$78 million. AMSC also purchased real property including two factories with over 100 acres of land for approximately R$155.6 million, approximately US$29 million, in cash. As part of the transaction, in the future the selling stockholders may earn an additional earnout in cash upon the achievement of specified earnings before interest, taxes, depreciation, and amortization objectives during the three years following the closing. AMSC believes that the acquisition of Comtrafo directly aligns with the company’s strategic priorities to accelerate profitable growth, broaden its product offerings, and expand market reach and share. Comtrafo has a history of profitable revenue. We believe Comtrafo appears positioned to deliver revenue of approximately US$55 million in calendar year 2025, which is now nearly complete. Normalized gross margins on this revenue are expected to be commensurate with recently demonstrated AMSC levels of 30% and normalized operating margins are expected to be about 20%. Looking ahead into calendar year 2026, Comtrafo has approximately US$85 million in total backlog with about US$55 million falling in the 12-month backlog. By leveraging Comtrafo’s trusted leadership position in the transformer market for utility and industrial applications, AMSC expects to expand its grid business offerings and enhance the value delivered to custome...