IPS buys ABB’s hydro generator and transformer businesses
USA, South Carolina, Greenville: Integrated Power Services (IPS) is to acquire ABB’s US and Canadian hydro generator rewind and transformer repair businesses.
Image source: Hydro Review
USA, South Carolina, Greenville: Integrated Power Services (IPS) is to acquire ABB’s US and Canadian hydro generator rewind and transformer repair businesses.
The sale includes ABB’s Beloeil, Quebec, coil manufacturing facility and its Denver, Colorado, service centre. The acquisition includes 80 employees working in Beloeil and Denver in coil manufacturing, transformer remanufacturing, hydro field services, electromechanical repair, design engineering, sales and support. The transaction is expected to close in the second quarter. Financial details of the transaction were not disclosed.
IPS is headquartered in Greenville, S.C., and provides service and repair for electric motors, generators, power transmission and mechanical components. This acquisition is expected to expand the IPS hydropower service and repair footprint while offering engineering, design history and technical skills for hydro generator service and repair up to 50 MW, according to a release.
The business has decades of repair experience for General Electric hydro generators and transformers. In addition, ABB’s Denver facility — which also performs services on transformers, motors and switchgear — is expected to support the growing IPS power distribution business.
IPS said the deal complements its recent platform investment in National Switchgear and National Field Service. IPS will add a “centre of excellence for transformer remanufacturing capability” to National’s transmission and distribution and protection and control services. IPS will now offer remanufacturing and service capabilities for transformers up to 40 MVA and switchgear up to 38 kV.
Source: Hydro Review
#ABB#acquisition#Canada#Integrated Power Services#transformer repair#USA