Cooper Industries, Ltd. has acquired Cyme International of St. Bruno, Quebec, Canada, a power engineering software and services provider that enables utility engineers to design, analyze and optimize their networks. Additionally, Cyme’s products allow utilities to manage power outages, leverage advanced metering infrastructure data, integrate and manage distributed generation assets such as renewable sources of electricity, and maximize the productivity of their networks. Cyme will become part of the Energy Automation Solutions group within Cooper Power Systems. Terms of the acquisition were not disclosed.
“This acquisition complements Cooper Power Systems’ ability to provide utility customers with comprehensive smartgrid solutions to improve power quality, reliability and efficiency in their transmission and distribution networks,” said Cooper Industries Chairman and Chief Executive Officer Kirk S. Hachigian. “Cyme’s capabilities in power systems engineering and software development, coupled with our recent acquisitions of Cannon and Cybectec, enable Cooper to provide industry-leading automation solutions and ‘smart’ products that offer enhanced value to our utility customers.”
Cyme International was founded in 1986 with a mandate to provide high quality power engineering software solutions to the electrical industry worldwide. The company is recognized internationally as a software provider with more than 5,000 copies of its software solutions installed around the world. These applications have been used in thousands of transmission and distribution projects in more than 100 countries.
“This is a natural integration of two companies who know that the smart grid is a business driver for utilities,” said Marc Coursol, President and CEO of Cyme. “We look forward to seeing our solutions and engineering services integrated into the Cooper Power Systems offering to better serve our mutual customers the world over."