# IPS to acquire ABB Industrial Services business assets

IPS has agreed to acquire assets of ABB's Industrial Services business, including five service centers in the US and Canada employing 114 people. The transaction is expected to close in Q3 2024.

- Type: Acquisition
- Announced: 2024-04-23
- Jobs: 114
- Status: announced
- Products: electric motor repair, generator repair, switchgear repair, circuit breaker repair, rotating equipment repair
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [ABB](https://endata.com/companies/1547.md) (target)
- [IPS Corporation](https://endata.com/companies/57048.md) (acquirer)

## Sources

- [ips.co](https://www.ips.co/news/integrated-power-services-to-acquire-assets-of-abb-industrial-services-business), 2024-04-23: "The acquisition brings to IPS five well-equipped electric motor, generator, mechanical, switchgear, and circuit breaker service centers."

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