Mitsubishi Completes Acquisition of Pratt & Whitney Power Systems (Ad Hoc News)
The acquisition was completed in accordance with the agreement reached last December between Mitsubishi Heavy Industries (MHI) and United Technologies Corporation (UTC) of the U.S., Pratt & Whitney Power Systems' (PWPS) parent company. Operations are launched under the new corporate name of PW Power Systems, Inc.
As part of the acquisition, MHI also acquired Turboden s.r.l. of Italy, a manufacturer of Organic Rankine Cycle (ORC) turbines and an affiliate of PWPS.
With the addition of PWPS and Turboden s.r.l., together with the planned business integration with Hitachi, Ltd. in the area of thermal power generation systems scheduled for January 2014, MHI will be able to provide a wider range of products and services for thermal power generation systems.
Pratt & Whitney Power Systems will be exhibiting at the GEA Expo held concurrently with the GRC Annual Meeting in Las Vegas, Sept. 29-Oct.2, 2013.
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