Integrated Power Services (IPS), a North American leader in the servicing, engineering, and remanufacturing of electrical, mechanical, and power management assets, has agreed to acquire assets of ABB’s Industrial Services business. The business includes a U.S. and Canadian service shop network with locations in Tucson, Arizona; Evansville, Indiana; Charlotte, North Carolina; Edmonton, Alberta, Canada; and Burlington, Ontario, Canada, employing 114 talented employees. The transaction is expected to close in Q3 2024.
“IPS is aspiring to become the trusted advisor for our customer’s electrical balance of plant and electromechanically driven processes,” said John Zuleger, president and CEO, IPS. “The 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.”
The acquisition would bring to IPS five well-equipped electric motor, generator, mechanical, switchgear, and circuit breaker service centers, which were 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.
