Article: Powell Industries to Acquire PowerComm Business.

Powell Industries, Inc. (NASDAQ:POWL), a leading manufacturer of equipment and systems for the management and control of electrical energy and other critical processes, announced that it has entered into a binding agreement to acquire the business and substantially all of the assets of PowerComm Inc., a leading provider of electrical and instrumentation construction and maintenance services primarily serving the oil and gas industry, as well as a manufacturer of switchgear and related products, in western Canada. The transaction is subject to approval by the shareholders of PowerComm Inc. PowerComm is headquartered in Alberta, Canada and listed on the Toronto Stock ...

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