WAUKESHA, Wis., Aug. 5, 2024
/PRNewswire/ -- Generac Power Systems (NYSE: GNRC), a leading
global designer, manufacturer and provider of energy technology
solutions and other power products, today announced the acquisition
of Ageto, a leading provider of microgrid controllers that
seamlessly integrate, optimize and manage distributed conventional
resources, renewable energy resources and electric vehicle (EV)
chargers in the commercial & industrial (C&I) market. The
transaction closed on August 1, 2024.
Terms of the deal were not disclosed.
"This acquisition enhances our ability to offer a complete
energy technology ecosystem to domestic commercial & industrial
customers with multi-asset sites," said Erik Wilde, EVP and president, Domestic C&I
at Generac. "By integrating Ageto's industry-leading microgrid
controller and advanced software into our systems, we're
simplifying asset integration, control and optimization for our
customers and creating a competitive advantage for Generac."
Generac has worked with Ageto since 2021, incorporating their
microgrid controllers into Generac's Battery Energy Storage Systems
(BESS) solutions and generator sets.
Ageto's microgrid controller helps enable users to coordinate,
optimize, and monitor all components of their microgrid from one
simple interface. Combining Ageto's software solution with
Generac's BESS and microgrid multi-asset systems provides
site-level system integration and control versus hardware only.
About Generac
Generac Power Systems (NYSE: GNRC) is a
leading energy technology company that provides backup and prime
power products and energy storage systems for home and business
applications, as well as energy monitoring and management devices
and services, along with other power products. Founded in 1959,
Generac introduced the first affordable backup generator and later
created the automatic home standby generator category. The Company
has continued to expand its energy technology offerings in its
mission to lead the evolution to more resilient, efficient, and
sustainable energy solutions.
Media Contact: Jonathan
Stern
Jonathan.Stern@Generac.com
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SOURCE Generac Power Systems, Inc.