Integrated Power Services Completes Assets Acquisition Of ABB Industrial Services

KUALA LUMPUR, Sept 4 (Bernama) -- Integrated Power Services (IPS), a North American leader in the servicing, engineering, and remanufacturing of electrical, mechanical, and power management systems, has finalised the acquisition of ABB’s Industrial Services business, effective Aug 31.

With locations in Arizona, Indiana, North Carolina, Alberta, and Ontario, ABB Industrial Services provides the highest-quality repair and field service capabilities for electric motors up to 50,000 horsepower (HP) and low- and medium-voltage switchgear equipment from 480 volt (V) to 15 kilovolt (kV).

According to IPS in a statement, these service centres also perform rotating equipment repair of pumps, compressors, blowers, bearings, gearboxes, and OHV mining drivetrains.

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IPS President and Chief Executive Officer, John Zuleger said this acquisition will permit IPS to add locations where customers have urged the company to offer services.

“These five locations will enhance our capabilities in renewables, copper mining, and power management aftermarket industrial services.

“Additionally, IPS will now 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,” he said.

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The acquisition of ABB Industrial Services follows IPS’s acquisition of ABB’s hydrogenerator and transformer repair business in June 2022. The five ABB electric motor, generator, mechanical, switchgear, and circuit breaker industrial service centres were a part of a General Electric Industrial Solutions acquisition by ABB in June 2018.

In discussing the company's growth, Zuleger shared that IPS has grown to 88 locations, serving the United States, Canada, the United Kingdom, Europe, and the Caribbean, and aspires to become the single source, trusted advisor for its customers’ critical infrastructure challenges.

“We are committed to revolutionising reliability, as we advance our vision and ability to respond, rethink, and resolve our customer’s biggest reliability challenges,” he added.

-- BERNAMA