BPL Global has announced the acquisition of Serveron. A transformer monitor technology provider, Serveron offers on-line transformer monitoring products as well as diagnostic services that are critical to utilities in improving grid reliability while optimizing the management and economics of their asset base. Terms of the deal were not disclosed.
Serveron will become a division of BPL Global and maintain its headquarters near Portland, Oregon. With this acquisition, BPL Global expands its smart grid presence from the customer premises back through the substation. Serveron's solutions help utilities avoid transformer failures and resultant blackouts, reduce maintenance costs and defer capital expenditures by extending transformer useful life.
On-site transformer monitoring helps electric utilities manage their expensive transformer assets more reliably and operate them with a greater margin of safety, enabling them to minimize or delay the costs of repairing or replacing these valuable assets. The cost of purchasing new power transformers can range from $500,000 to more than $6 million each.
BPL Global has a major presence in the United States, Europe and the Middle East. With the acquisition of Serveron, it significantly expands its international footprint, particularly in Asia, Latin America and South Africa. This acquisition enables BPL Global to address a worldwide market with solutions that support the largest and most critical substation asset class, power transformers.
Todd Jaquez-Fissori, a Siemens Venture Capital investment partner, and John Fox, managing director, Perseus LLC, will join BPL Global's board of directors as a result of the acquisition.
The acquisition expands the reach of BPL Global's Power SG software platform through the substation. The platform provides a comprehensive set of smart grid solutions for the capacity and supply, demand management, reliability and operations, and communications markets of the clean technology sector of the electric utility industry.