MAN Diesel & Turbo to acquire Indian steam turbine specialist

Posted on 30. Jun, 2015 by in Volkswagen Canada

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MAN strengthens foothold in a Indian energy era market

MAN Diesel Turbo SE (MDT) acquires 100% of a shares of MaxWatt Turbines Pvt. Ltd., an Indian dilettante association for engineering, prolongation and use of steam turbines for applications in energy era and automatic drives. After a partnership MaxWatt will be integrated into a Turbo business of MDT and a new entity will work underneath a name MAN Turbomachinery India Pvt. Ltd.

“MaxWatt is a timeless actor in a Indian and Asian energy era business in a reduce energy segment”, says Dr. Uwe Lauber, CEO and Chief Sales Officer of MAN Diesel Turbo SE. “By appropriation them we enhance a portfolio and supplement steam turbines for countless customary applications to a existent high finish product range. At a same time we benefit entrance to new patron groups and marketplace segments. MAN Diesel Turbo is always meddlesome in MA projects, if they prove a sound vital rationale. With MaxWatt there are tighten to 0 overlaps in a product ranges, that is because it is an glorious compare for us.”

Headquartered in a industrial capital of Bangalore, MaxWatt employs some-more than 150 people in engineering, production, sales and service. It has commissioned a three-digit series of steam turbines in a margin and caters to a worldwide patron base. The so distant secretly owned association has been usually flourishing given a investiture in 2003.

MaxWatt’s operation of products will be entirely integrated into MAN Diesel Turbo’s portfolio after a merger. The workforce in India will boost to some-more than 650 employees. The MaxWatt domicile in Bangalore will be MAN Diesel Turbo’s initial steam turbine prolongation site in India.

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