IPS to Acquire Assets of ABB Industrial Services Business

Integrated Power Services (IPS) has agreed to acquire the assets of ABB's Industrial Services business, which includes a US and Canadian service shop network with 114 employees. The transaction is expected to close in the third quarter of 2024.

“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 US 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 the third quarter of 2024.”

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.