Power Systems Mfg.

Hanwha General Chemical acquired the aftermarket gas turbine business of Ansaldo Energia through equity purchase of eight entities across seven jurisdictions, including Power Systems Mfg. LLC in the U.S. and Ansaldo Thomassen B.V. in the Netherlands. The transaction signed on March 18, 2021 and closed on June 29, 2021.

Hanwha General Chemical acquired 100% equity of US-based PSM and Netherlands-based Ansaldo Thomassen, both gas turbine service companies with hydrogen co-firing technology. The acquisition contract was signed on March 19, 2021, with completion expected by June 2021.