Wasion Wins Exclusive BRL138 Million Smart-Grid Contract with Brazil’s CEMIG

Wasion Holdings Limited ( (HK:3393) ) has provided an update.

Wasion Holdings Limited has announced that its Brazilian subsidiary, Wasion Energia do Brasil Ltda, has won a public tender to become the exclusive supplier of reclosers to Companhia Energética de Minas Gerais, one of Brazil’s largest integrated power groups. The contract, worth about BRL138 million and to be fulfilled over two years, will see Wasion deliver batches of reclosers, a core element of its smart grid solutions used to improve automation and reliability in power distribution networks.

The company expects the deal to provide stable revenue and profit over the contract term while significantly strengthening its market position in Brazil and laying groundwork for broader South American expansion. Management also highlighted that the win showcases the group’s industry-leading technological capabilities and product quality in smart power distribution, enhancing its brand influence in the global smart grid market and supporting its long-term overseas growth strategy.

The most recent analyst rating on (HK:3393) stock is a Buy with a HK$28.00 price target. To see the full list of analyst forecasts on Wasion Holdings Limited stock, see the HK:3393 Stock Forecast page.

More about Wasion Holdings Limited

Wasion Holdings Limited is a smart energy and power grid solutions provider, offering products such as smart power distribution equipment and core components for smart grids. The group focuses on overseas markets, including Brazil and the wider South American region, where it targets major utility clients and integrated power companies to expand its international presence.

Average Trading Volume: 4,004,992

Technical Sentiment Signal: Buy

Current Market Cap: HK$25.96B

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