Integrated Power Services (IPS), which specializes in the servicing, engineering and remanufacturing of electrical, mechanical, and power management assets, has finalized the acquisition of ABB’s Industrial Services business for an undisclosed amount, effective August 31.
The business includes a U.S. and Canadian service shop network with locations in Tucson, Ariz.; Evansville, Ind.; Charlotte, N.C.; Edmonton, Alberta, Canada; and Burlington, Ontario, Canada. These electric motor, generator, mechanical, switchgear, and circuit breaker service centers were a part of a General Electric Industrial Solutions acquisition by ABB in June 2018.
“This acquisition will permit IPS to add locations where customers have urged us to offer services” explained IPS President and CEO John Zuleger. “These five locations will enhance our capabilities in renewables, copper mining, and power management aftermarket industrial services. Additionally, IPS now will be the home of 115 additional talented employees, and the legacy technology and expertise from the General Electric and ABB heritage of these newly acquired sites.”
The deal follows IPS’s acquisition of ABB’s Hydrogenerator and Transformer Repair business in June 2022.
Source: Integrated Power Services