{"id":7453,"date":"2024-06-04T17:37:02","date_gmt":"2024-06-04T17:37:02","guid":{"rendered":"https:\/\/northamericanmining.com\/?p=7453"},"modified":"2024-06-04T17:37:06","modified_gmt":"2024-06-04T17:37:06","slug":"integrated-power-services-to-acquire-abb-industrial-services-assets","status":"publish","type":"post","link":"https:\/\/northamericanmining.com\/index.php\/2024\/06\/04\/integrated-power-services-to-acquire-abb-industrial-services-assets\/","title":{"rendered":"Integrated Power Services to acquire ABB Industrial Services assets"},"content":{"rendered":"

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IPS, which specializes in the servicing, engineering and remanufacturing of electrical, mechanical, and power management assets, has agreed to acquire assets of ABB\u2019s Industrial Services business.<\/p>\n\n\n\n

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, employing 114 talented employees. The transaction is expected to close in the third quarter of 2024. Financial details of the transaction were not disclosed.<\/p>\n\n\n\n

The acquisition brings to IPS five well-equipped electric motor, generator, mechanical, switchgear, and circuit breaker service centers, which were a part of the General Electric Industrial Solutions acquisition by ABB in July 2018. The ABB Industrial Services business offers high-quality repair and field service capabilities for electric motors up to 50,000 hp and low and medium-voltage switchgear equipment from 480V to 15kV. Additionally, the service centers perform rotating equipment repair services for pumps, compressors, blowers, bearings, gearboxes, and OHV mining drivetrains.<\/p>\n\n\n\n

The business has a decades-long relationship with customers, providing lifecycle solutions for critical processes in power generation, petrochemicals, pulp and paper, mining, metals, and other industrial applications. Based on its historic original equipment manufacturer service heritage, the business possesses specialized knowledge and expertise working on General Electric and ABB rotating equipment and switchgear.<\/p>\n\n\n\n

For IPS, the addition of this business addresses service location gaps in Arizona, Western and Central Canada while adding complementary capabilities in the Midwestern and Southeastern United States. This agreement follows IPS\u2019 acquisition of ABB\u2019s hydrogenerator and transformer repair business in June 2022.<\/p>\n\n\n\n

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\u201cIPS is aspiring to become the trusted advisor for our customer\u2019s electrical balance of plant and electromechanically driven processes,\u201d said John Zuleger, IPS president and chief executive. \u201cThe addition of these highly skilled technicians and service network, along with the legacy General Electric and ABB experience, puts IPS in a position to carry forward and improve on the confidence customers have placed in these teams to solve their biggest reliability challenges.\u201d<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

IPS, which specializes in the servicing, engineering and remanufacturing of electrical, mechanical, and power management assets, has agreed to acquire assets of ABB\u2019s Industrial Services business. 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, employing 114 talented employees. The transaction is expected…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_themeisle_gutenberg_block_has_review":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12],"tags":[212,2926],"coauthors":[1644],"class_list":["post-7453","post","type-post","status-publish","format-standard","hentry","category-the-headlines","tag-abb","tag-ips"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t