Microsol buys US company ATS

Irish company Microsol has acquired US company ATS for an undisclosed amount in a new venture to work on opportunities in North America.

Microsol makes equipment to control automated systems for utility companies distributing electrical power. The company was founded in 1986 and in 2000 raised £4.5m (€6.72m) for future expansion - £3.5m (€5.22m) of which came from ICC Venture Capital, and £1m (€1.49m) from Enterprise Ireland.