Rio de Janeiro: Wind turbine technology company American Superconductor (AMSC) is acquiring The Switch Engineering, a Finnish power systems firm, for €190m ($265m).. The Switch supplies permanent magnet generator (PMG) and full-power converter packages for wind and other emerging power businesses, including solar and fuel-cell applications..
AMSC says the acquisition will help it to diversify its customer base and support growth to $1bn in annual revenues, with sales to turbine manufacturers in China, Europe, South Korea and the US..
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