# REP Holding and Ansaldo Energia form joint venture for gas and steam turbines in Russia

REP Holding and Ansaldo Energia signed an agreement to create a joint venture in Russia for the production, modernization, and repair of large industrial gas and steam turbines, with localization at REP Holding's facilities in St. Petersburg. The JV will have exclusive rights to Ansaldo Energia's technologies in Russia and CIS.

- Type: Acquisition
- Announced: 2019-07-04
- Where: St. Petersburg, Russia
- Status: announced
- Products: gas turbines, steam turbines
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [REP Holding](https://endata.com/companies/2682.md) (partner)
- [Ansaldo Energia](https://endata.com/companies/5573.md) (partner)

## Sources

- [newgaztech.ru](https://newgaztech.ru/catalog/plant/news/id/211), 2019-07-04: "The joint venture will be able to offer customers products that fully comply with the latest requirements of the Russian Government regarding localization of equipment for the electric power industry."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.