Announced
Completed
Financials
Tags
United States
Majority
generator and transformer repair
Single Bidder
Energy / Utility Services
Private
Friendly
Acquisition
hydro power
repair services
Canada
Cross Border
Completed
Synopsis
Integrated Power Services, a company specialized in service and repair of electric motors, generators, power transmission and mechanical components, completed the acquisition of US and Canadian hydro generator rewind and transformer repair businesses of ABB, an automation company. Financial terms were not disclosed. “This transaction represents an exciting addition to our renewables portfolio and the power management and power distribution capabilities of our North American network. This business adds decades of General Electric intellectual property to our engineering portfolio. We look forward to introducing both existing and new customers of these businesses to IPS’s trusted advisor, single-source capabilities and our Unmatched Customer Experience," John Zuleger, IPS President and CEO.
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