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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)