EnerTech Capital leads $10 mln investment in Power Survey

Power Survey and Equipment Ltd, a power quality business, has secured $10 million in funding. The round was led by EnerTech Capital with participation from Investissement Québec. Based in Montréal, Power Survey provides customized power factor correction and harmonic filtering technologies and solutions, mostly to customers in Canada and the United States. EnerTech said it plans to grow the company organically via mergers and via acquisitions of companies with compatible grid-edge technologies and solutions. Power Survey is the second investment made in Québec by EnerTech’s fourth energy and power venture fund, which raised $120 million in late 2013.

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