Integrated Power Services (IPS), a leading solutions provider for electromechanical, rotating equipment, and power distribution systems, has announced the acquisition of B&B Transformer. This strategic acquisition, effective August 13, 2024, aims to bolster IPS’s power management portfolio by adding B&B’s expertise in oil-filled, distribution class transformers and related services. The expanded portfolio will cater to industries including industrial, commercial, utility, and renewable energy markets. IPS’s Executive Vice-President for Power Management, Shannon Moses, emphasized the enriched offerings and comprehensive solutions this acquisition brings to their customers. Tim Grundler, Area General Manager for B&B Transformer, highlighted the new opportunities for both companies’ clients stemming from the integration.
Power Management, Electromechanical, Utilities, Renewable Energy,North America, United Kingdom, Caribbean
https://www.globenewswire.com/news-release/2024/09/05/2941742/0/en/Integrated-Power-Services-Acquires-B-B-Transformer.html