May 17, 2013 – Mitsubishi Heavy Industries Ltd. (MHI) completed its acquisition of Pratt & Whitney Power Systems (PWPS), which will now be known as PW Power Systems.
“The synergistic effect of combining the talent and resources of MHI and PW Power Systems will lead to the significant growth of Energy & Environmental, one of MHI’s four core corporate sectors, and also increase MHI’s competitiveness in the worldwide power generation market,” said MHI’s president Shunichi Miyanaga.
MHI says the acquisition will enable it to reach a broader range of customers through PW Power Systems, which offers small- to medium-sized power generation packages.
“This will significantly extend MHI’s equipment offerings and dramatically expand its service capabilities, making it a one-stop shop for many customers,” said Peter Christman, president of PW Power Systems. “At the same time, aligning with MHI will be a significant strategic benefit expanding our market reach and opening up new opportunities for PW Power Systems.”