hvacrollups.com
← All signals
Deal closed Sep 2024 Verified

Integrated Power Services Acquires ABB's Industrial Services Unit

Integrated Power Services (IPS) acquired ABB's Industrial Services business, adding five locations and 115 employees to expand its capabilities in renewables, mining, and power management. The transaction terms were not disclosed.

“Electrical, mechanical, and power management systems servicer and manufacturer Integrated Power Services (IPS) acquired ABB’s Industrial Services business. Terms of the transaction were not disclosed.”

Entities

ABB · Parent Integrated Power Services · Acquirer
Electrical Sentiment: Neutral

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.