Wärtsilä has acquired the USA and Canada based company Weir American Hydro from the Weir Group plc. Ownership of the company will be transferred to Wärtsilä, with effect from today (30 June).
American Hydro is a leading supplier and installer of large equipment upgrades and servicing for the hydroelectric and water distribution industries, specialising in consultancy, design and precision performance enhancements for hydro-turbines and pumps.
With its headquarters in York, Pennsylvania, USA and a service center in Montreal, Canada, they currently employ 241 people, with net sales of USD 45.6 million in 2015. Through the acquisition, Wärtsilä hopes to grow and expand its existing hydro and industrial service offering. Wärtsilä has previously been supplying seals and bearings to the hydro and industrial markets.
American Hydro will be part of the Wärtsilä Services business.
Picture: Weir American Hydro building in USA.
