On October 7, 2024, Vizimax Inc., a global leader in point-on-wave transformer energization, announced its acquisition by Power Grid Components (PGC), a portfolio company of Blackstone. This acquisition brings together Vizimax's innovative solutions for managing inrush currents and PGC's commitment to building and maintaining electrical grids.

Jean-Guy Lacombe, President of Vizimax, expressed excitement about the partnership, highlighting the potential to strengthen Vizimax’s capabilities and expand its U.S. presence. PGC’s CEO, Rick McClure, emphasized that the acquisition will enhance PGC's portfolio and help accelerate Vizimax’s growth in international markets.

Vizimax’s controlled switching devices will now form part of PGC’s broader offerings, which aim to protect critical electrical systems worldwide.

Source: vizimax.com