iGrid T&D, the Substation Automation System designer company, based in Barcelona, announces that Thytronic SpA has become its majority shareholder. Thytronic is the Italian leader in the protection and control market for the electrical power systems, with more than 50 years of history on the protection relay market.
Thanks to this investment, Thytronic will attain important synergies in terms of business diversification and completion of the product lines which will value the solutions proposals.
The acquisition consolidates the Thytronic position in the grid protection, automation, supervision and control market and it’s aligned with its development roadmap, leveraging on the growth based also upon external lines with realities with specialist skills, in favor of a wider supply and a better market penetration. While iGrid T&D strengths its overall position with the Thytronic investment, for increasing its market share and global operations.
In strategic terms, this acquisition will lead the two companies to jointly share know-how and mutual affinities by product type and target use, business structure and solutions distribution.