Investing.com --Power transformers manufacturer Virginia Transformer Corp is exploring a potential sale that could value the company at over $6 billion, Bloomberg News reported.
The Roanoke, Virginia-based company is working with an adviser to assess buyer interest, Bloomberg report added citing people familiar with the matter, adding deliberations are ongoing without certainty that Virginia Transformer will decide to proceed with a sale.
Surge in electricity demand from data centers has increased appetite for investment in grid infrastructure.