October 7, 2024
Vizimax, a leading supplier of electronic devices that reduce stress on critical electrical equipment and ensure stable and reliable power supply announces it has been acquired by Power Grid Components
LONGUEUIL, QC, October 7, 2024 – Vizimax Inc., a leading provider of innovative solutions to measure, control and switch high- and medium-voltage electric power systems today announced that it has been acquired by Power Grid Components (“PGC”), a Blackstone portfolio company. Vizimax’s cutting-edge controlled switching device is the market-leading solution for managing and optimizing inrush currents, thereby extending the useful life of critical electrical equipment, including power transformers and circuit breakers. Headquartered in Longueuil, Quebec, Vizimax is led by President Jean-Guy Lacombe and was previously owned by a group of investors led by BDC Capital and Yaletown Ventures.
“We, at Vizimax, are very excited to join the Power Grid Components family,” said Jean-Guy Lacombe, President of Vizimax. “This transaction represents a key step towards strengthening Vizimax’s capabilities in our goal to help ensure grid reliability around the world. We view PGC as the perfect partner to help us continue to provide best-in-class service to our existing customers and further expand our presence in the U.S. market, given PGC’s deep bench of experienced professionals and long-standing relationships with utilities, original equipment manufacturers, and renewable energy developers.” See Full Press Release
