Stock Monitor: Thermon Group Holdings Post Earnings Reporting
LONDON, UK / ACCESSWIRE / February 15, 2018 / Active-Investors.com has just released a free research report on Generac Holdings Inc. (NYSE: GNRC). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/'symbol=GNRC as the Company's latest news hit the wire. On February 13, 2018, the Company declared that it has inked an agreement to acquire the shares of Selmec Equip os Industriales, S.A. de C.V., a designer and manufacturer of electrical and thermal generation equipments, from Enesa Energia, S.A. de C.V. and Enesa, S.A. de C.V. The agreement includes the power generator product and after-sale support services of the business. Financial details of the transaction remain undisclosed. Register today and get access to over 1,000 Free Research Reports by joining our site below:
Active-Investors.com is currently working on the research report for Thermon Group Holdings, Inc. (NYSE: THR), which also belongs to the Industrial Goods sector as the Company Generac Holdings. Do not miss out and become a member today for free to access this upcoming report at:
Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Generac Holdings most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
The transaction, expected to close in three to six months, is subject to regulatory approvals.
Acquisition will Help Generac to Dynamically Scale its Existing Ottomotores Business
Ricardo Navarro, Generac's Senior Vice President- Latin America, said that Selmec's deep experience in standby energy solutions, specifically telecom, data center, and other mission critical applications, where power is essential for operational continuity, makes this a great fit for the Company's Latin America strategy. Ricardo further added that acquiring Selmec will allow Generac to dynamically scale its existing Ottomotores business, leveraging both distribution and operational footprints of the combined businesses to offer the Latin American market a broader portfolio of products and solutions.
Transaction will Allow Selmec to Leverage Generac's Technical Capabilities and Expertise
Commenting on the acquisition, Gabriel Hajj, Selmec's Chief Executive Officer and Principal at Enesa, stated that this is a very important development for Selmec to partner with a global leader in power generation technology to offer an expanded portfolio of products and solutions. This transaction will allow Selmec to continue to innovate, leveraging Generac's technical capabilities and expertise especially in gaseous powered generation.
Generac's Last Acquisition Deal
The Company completed the purchase of Motortech Holding GmbH & Co. KG, a leading manufacturer of gaseous-engine control systems and accessories based in Germany, in January 2017. The acquisition allowed Generac to expand its global market for gaseous products beyond standby generators, and it aligned with the Company's strategy of gas power-generation leadership. The deal significantly expanded Generac's worldwide spark-ignited engine capabilities, complementing the international growth Generac had experienced. The acquisition was previously announced in November 2016.
About Generac Holdings Inc.
Founded in 1959, Generac is a leading designer and manufacturer of a wide range of power generation equipment and other engine powered products serving the residential, light commercial, and industrial markets. The Company is headquartered in Waukesha, Wisconsin.
About Selmec Equipos Industriales, S.A. de C.V.
Established in 1941 and headquartered in Mexico City, Selmec is a designer and manufacturer of industrial generators from 10 kW to 2,750 kW. With approximately 300 employees and 100,000 square feet of production capacity, the Company offers a market leading service platform and specialized engineering capabilities, together with robust integration, project management, and remote monitoring services.
About Grupo Enesa (Enesa Energia, S.A. de C.V. and Enesa, S.A. de C.V.)
Grupo Enesa is a private equity fund that invests and manages companies in the energy and health sectors in Mexico and Latin America. The fund was established in 1977 and operates under a long-term strategy, focused on building solid, high potential organizations.
Stock Performance Snapshot
February 14, 2018 - At Wednesday's closing bell, Generac's stock climbed 1.03%, ending the trading session at $22.49.
Volume traded for the day: 179.76 thousand shares, which was above the 3-month average volume of 132.43 thousand shares.
Stock performance in the last three-month - up 8.33%; previous six-month period - up 31.44%; and past twelve-month period - up 9.44%
After yesterday's close, Generac's market cap was at $732.50 million.
Price to Earnings (P/E) ratio was at 53.04.
The stock is part of the Industrial Goods sector, categorized under the Diversified Machinery industry. This sector was up 1.3% at the end of the session.
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