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The Korea Herald
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THE INVESTOR
March 29, 2024

Industrials

Doosan Heavy buys US firm

  • PUBLISHED :July 26, 2017 - 15:00
  • UPDATED :July 26, 2017 - 15:00
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[THE INVESTOR] Doosan Heavy Industries & Construction said on July 26 that it has taken over a US gas turbine service provider.

The firm said it has signed a preliminary deal to buy ACT Independent Turbo Services, a Houston-based gas and steam turbine repair service provider, for an undisclosed amount.

With the acquisition Doosan Heavy will be able to secure a foothold in the US’ 16GW gas turbine market.

Doosan Corp., its holding company, has 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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