DANVERS, Mass.--(Business Wire)--
Babcock Power Inc. ("BPI") announced today that its subsidiary, Babcock Power
Services Inc. ("Babcock Power Services"), has acquired all assets of Welding
Technologies Inc. located in Gainesville, Georgia. Welding Technologies will be
a division of Babcock Power Services, one of the four business segments within
the BPI group of companies.
Welding Technologies provides field welded repair, replacement and refurbishment
of plant equipment and fabrication of ASME parts and pressure vessels for the
power generation, petrochemical and pulp and paper industries. Included in the
acquisition by Babcock Power Services are all machinery, equipment, computer
hardware, PLC codes, tools, drawings, patents, trademarks, trade names,
copyrights, product formulae, inventions, proprietary know-how, technology,
licenses, and design programs used to conduct the operations of Welding
Technologies, including the name and goodwill. All current operations and
customer interfaces will continue to be handled out of the Gainesville, GA
facilities.
Ted Maliszewski, President, Babcock Power Services Inc., stated that, "The
opportunity to gain this expertise will compliment our existing product
offerings to the power generation facilities and allow us to further our
expansion into the industrial markets." Babcock Power Services is a leading
supplier of technology, equipment and engineering services for upgrading and
maintaining any OEM`s fossil-fired steam generating equipment, and associated
ancillary equipment. Other affiliated companies and divisions of Babcock Power
Services in the Services segment of BPI include: Riley Power Inc., Boiler Tube
Company of America, the Cladding Technology division, and TEi Construction
Services, Inc.
Babcock Power Inc. (www.babcockpower.com) is one of the world`s leading
suppliers of technology, equipment and services to the power generation
industry. Babcock Power designs, manufactures and services heat recovery steam
generators through its Vogt Power International Inc. subsidiary located in
Louisville, KY; provides heat exchangers and after market services, including
moisture separator reheaters, steam surface condensers and feedwater heaters for
fossil-fired and nuclear plants through its Thermal Engineering International
(USA) Inc. subsidiary located in Santa Fe Springs, CA; and provides new steam
generators, environmental solutions (including SCRs, flue gas scrubbers and
mercury removal systems), and a complete portfolio of after market solutions to
the electric utility and waste-to-energy industries for any OEM`s boiler through
its subsidiaries located in Worcester, MA.
Babcock Power Inc.
Jim Sims, Director, Marketing & Communications
502-899-4522
Copyright Business Wire 2009
