m_and_a
confidence high
sentiment positive
materiality 0.85
AMSC buys Comtrafo for BRL 300M cash, 2.4M shares, plus earnout up to BRL 382.5M
AMERICAN SUPERCONDUCTOR CORP /DE/
- Deal consideration: BRL 300M cash (Cash Component), 2,417,142 AMSC restricted shares, plus BRL 155.6M for real estate and BRL 13.4M for transportation assets.
- Earnout of up to BRL 382.5M contingent on Comtrafo achieving specified EBITDA targets over three years post-closing.
- Comtrafo's 2024 revenue ~$50M, gross margin ~30%, operating margin ~20%; backlog ~$85M total, ~$55M in 12-month backlog.
- Comtrafo employs ~580 people and operates ~350,000 sq ft of manufacturing space in Cornélio Procópio, Brazil.
- AMSC obligated to file resale registration statement for the AMSC Shares within 20 business days or face cash alternative of BRL 450M plus interest.
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