Weichai Power Co., Ltd. invested $60 million to acquire 40.71% of Power Solutions International Inc. (PSI), a US-listed engine manufacturer, becoming its largest shareholder. The deal includes an option to increase the stake to 51% after 18 months.
Enchanted Rock (ERock) signed a mutually exclusive deal with Power Solutions International and its subsidiary Professional Power Products to supply $240-$335 million of natural gas generators for reliability microgrids. The deal supports ERock's expansion in Texas and North America.
Enchanted Rock, Power Solutions International (PSI) and its subsidiary 3Pi announced a long-term mutual exclusivity agreement for the supply of Microgrid Gensets for microgrid applications in North America, using PSI's 21.9L natural gas engine.