April 26, 2024
Industrials
Doosan expands power biz in US
[THE INVESTOR] Doosan Group said on June 29 that it has strengthened ties with US counterparts to expand its presence in the world’s largest market.
Doosan Heavy Industries signed a memorandum of understanding in the US on June 28 to buy ACT, a Houston-based gas and steam turbine repair service provider, for an undisclosed amount. Should the deal go smoothly, Doosan Heavy will be able to secure a foothold in the US’ 16GW gas turbine market.
Doosan Corp., the holding company of the group, also signed a strategic alliance with Wells Fargo to expand its fuel cell business.
By Alex Lee and newswires (alexlee@heraldcorp.com)
Doosan Heavy Industries signed a memorandum of understanding in the US on June 28 to buy ACT, a Houston-based gas and steam turbine repair service provider, for an undisclosed amount. Should the deal go smoothly, Doosan Heavy will be able to secure a foothold in the US’ 16GW gas turbine market.
Doosan Corp., the holding company of the group, also signed a strategic alliance with Wells Fargo to expand its fuel cell business.
By Alex Lee and newswires (alexlee@heraldcorp.com)
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