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Powersecure International Inc Adds Utility Security Capabilities with Acquisition of Encari

Wednesday, 9 Oct 2013 07:00am EDT 

PowerSecure International Inc announced that the Company has acquired the assets of Encari, LLC, a provider of cybersecurity and compliance consulting services to the utility industry. The Company expects that the $4.8 million cash transaction will be neutral to 2013 earnings per share (EPS), slightly accretive to 2014 EPS and additive to the gross margin of the Company's existing utility infrastructure business. The Company could pay up to an additional $1.2 million of consideration if Encari achieves certain income goals in the fourth quarter of 2013. 

Company Quote

-0.16 -1.23%
17 Apr 2015