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PowerSecure International Inc., a utility and energy technologies company, has acquired the assets of Encari LLC, a provider of cybersecurity and compliance consulting services to the utility industry.

PowerSecure says it expects that the $4.8 million cash transaction will be neutral to 2013 earnings per share (EPS), slightly accretive to 2014 EPS and additive to the gross margin of the company's existing utility infrastructure business. The company could pay up to an additional $1.2 million of consideration if Encari achieves certain income goals in the fourth quarter of this year, PowerSecure adds.

According to PowerSecure, Encari helps large investor-owned utilities, municipalities and cooperative utilities assess, improve and maintain their compliance with the North American Electric Reliability Corp.'s Critical Infrastructure Protection Reliability Standards.

"PowerSecure is focused on serving our utility customers. By adding Encari's technical consulting expertise, we are able to expand our service offering to our existing utility partners and bring new services to Encari's impressive customer base," says Sidney Hinton, CEO of PowerSecure.


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