G&W: G&W Electric buys Italian power sensor maker

G&W Electric buys Italian current sensor maker Altea to extend its global reach in electrical power grid automationG&W Electric in the US has acquired Altea S.R.L., a voltage and current sensor manufacturer headquartered in Ferrara, Italy, for an undisclosed sum.Set up in 2009, Altea designs, develops and deploys voltage and current sensor systems for real-time management and diagnosis of energy distribution on both overhead and underground lines for medium and high voltage power grids."Over the past eight years, G&W Electric has developed a strategic partnership with the experts at Altea S.R.L.," said John Mueller, Chairman and Owner of G&W Electric. "As we continue to expand our presence in markets outside North America and enhance our power grid solutions portfolio, adding Altea to the G&W Electric family makes strategic sense. Together, we look forward to developing cutting-edge solutions for the grid of the future."With the demand for more advanced power grid technology including higher accuracy sensors, this acquisition provides several opportunities to integrate product lines to achieve the demands for the future grid.Altea started with a capacitive sensor for indoor, air-insulated applications across Italy, leading to a family of combined, voltage and current sensors to meet customers' needs for indoor, outdoor and gas-insulated substations.www.gwelec.com