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Southern Co. looks to buy PowerSecure for $431 million

25 Feb 2016

Southern Co. has agreed to acquire PowerSecure for a purchase price of approximately $431 million. The deal will allow the company to expand PowerSecure’s ability to provide customized energy technologies to its customers.

Southern Co is based in Atlanta, and provides fibre optics and wireless communications. The has rapidly increased its market share through various acquisitions including a $8 billion deal with AGL Resources.

PowerSecure offers technology and services to electric utilities and customers, such as smart-grid capabilities and infrastructure.

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