Integrated Power Services completed the acquisition of Tram Electric.

Integrated Power Services (IPS), a provider of electrical, mechanical, and power management systems, completed the acquisition of Tram Electric, a supplier of electromechanical products and services. Financial terms were not disclosed. "The addition of Tram Electric is another example of a significant investment IPS has made to develop a leading aftermarket service network for the copper and precious metal mining markets in the US and the Oil Sands in Canada. We are listening to customers who are seeking a partner to support reliable mining equipment operations at a time when these markets are preparing for significant capacity expansions and electrification of these processes," John Zuleger, Integrated Power Services President and CEO.