# Integrated Power Services agrees to acquire ABB's hydro generator and transformer repair businesses

IPS agreed to acquire ABB's U.S. and Canadian hydro generator rewind and transformer repair businesses, including facilities in Beloeil, Quebec and Denver, Colorado. The transaction is expected to close in Q2 2022.

- Type: Acquisition
- Announced: 2022-03-21
- Where: Denver, Colorado, USA; Beloeil, Quebec, Canada, United States
- Jobs: 80
- Status: announced
- Products: hydro generator repair, transformer repair, coil manufacturing
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [ABB](https://endata.com/companies/1547.md) (target)
- [Integrated Power Services](https://endata.com/companies/1579.md) (acquirer)
- [Tampa Armature Works](https://endata.com/companies/62246.md) (target)

## Sources

- [powermag.com](https://www.powermag.com/press-releases/integrated-power-services-agrees-to-acquire-abbs-u-s-and-canadian-hydro-generator-rewind-and-transformer-repair-businesses/), 2022-03-21: "We’re pleased to add these renewable energy, power management and power distribution services to our North American network."
- [ips.co](https://www.ips.co/news/integrated-power-services-agrees-to-acquire-abbs-u-s-and-canadian-hydro-generator-rewind-and-transformer-repair-businesses), 2022-03-21: "We’re pleased to add these renewable energy, power management and power distribution services to our North American network."
- [pitandquarry.com](https://www.pitandquarry.com/integrated-power-services-acquires-select-abb-businesses/), 2022-03-22: "We’re pleased to add these renewable energy, power management and power distribution services to our North American network."
- [renewableenergyworld.com](https://www.renewableenergyworld.com/energy-business/energy-finance/ips-acquiring-abb-hydro-generator-and-transformer-businesses/), 2022-03-22: "This acquisition is expected to expand the IPS hydropower service and repair footprint while offering engineering, design history and technical skills for hydro generator service and repair up to 50 MW."
- [transformer-magazine.com](https://transformer-magazine.com/news/ips-buys-abbs-hydro-generator-and-transformer-businesses/), 2022-03-24: "This acquisition is expected to expand the IPS hydropower service and repair footprint while offering engineering, design history and technical skills for hydro generator service and repair up to 50 MW."
- [ips.co](https://www.ips.co/news/integrated-power-services-announces-definitive-agreement-to-acquire-tampa-armature-works-inc), 2022-04-12: "Integrated Power Services, the North American leader in service, repair and engineering for power management, electro-mechanical and rotating assets, continues to grow with a definitive agreement to acquire Tampa Armature Works, Inc."
- [renewableenergyworld.com](https://www.renewableenergyworld.com/hydro-power/technology-equipment/ips-to-acquire-tampa-armature-works/), 2022-04-18: "IPS announces it has reached a definitive agreement to acquire Tampa Armature Works Inc. (TAW)."

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