Doosan Heavy Industries America to acquire ACT for gas turbine services

Doosan Heavy Industries America signed an MOU to acquire ACT, a Houston-based gas turbine service provider, for an undisclosed amount. The deal aims to enter the U.S. gas turbine service market.

“The takeover is expected to lay the foundation for the company to enter the U.S. gas turbine market as it can obtain ACT’s skilled manpower, equipments and business know-how through the deal.”pulse.mk.co.kr

• 4 sources
• pulse.mk.co.krSouth Korea’s Doosan Group to bolster power business in the U.S. - 매일경제 영문뉴스 펄스(Pulse)Jun 29, 2017
• koreabizwire.comDoosan Heavy Buys U.S. Gas Turbine Service Provider | Be Korea-savvyKorea BizwireJul 26, 2017
• powermag.comAccessing New Markets via AcquisitionAaron LarsonNov 7, 2017
• fullscreen.powermag.com2018 Corporate Capabilities Report - POWERMagPOWER PartnersJan 12, 2018

Summarized from public sources; check the original articles before acting on it.