Innova Global merged with Braden, a maker of gas turbine auxiliary equipment, just weeks before announcing $43 million in new contract wins.
Innova Global Limited has won over $43 million worth of new work since merging with Braden in October 2017. The orders are for gas turbine halls, acoustic building envelopes, and exhaust systems for gas-fired power projects in North America, Australia, Mexico, Chile, Jamaica, Pakistan, and Russia.
INNOVA Global Ltd. acquired the shares of Braden, a gas turbine auxiliary equipment specialist, from Global Power Equipment Group. The acquisition includes Braden Manufacturing LLC in Tulsa, Consolidated Fabricators in Auburn, Massachusetts, and Braden-Europe in Heerlen, the Netherlands.
INNOVA Global won 19 new contracts worth over $52 million for design, supply and installation of gas turbine exhaust scrubbers, silencers and inlet filter houses on gas-fired power projects in North America. One contract worth $13.5 million includes SCR/CO catalyst systems.
Innova Global Limited acquired the liquidated intellectual property and manufacturing assets of Express Integrated Technologies (EIT) at an Oklahoma bankruptcy auction, gaining EIT's product range for the oil sands industry including OTSGs, HRSGs, and SAGD boilers.