Integrated Power Services (IPS), 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.
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.
