Mitsubishi Heavy Industries (MHI) has completed the acquisition of Pratt & Whitney Power Systems (PWPS), the small and medium-size gas turbine business unit of Pratt & Whitney.
MHI and United Technologies Corporation (UTC), Pratt & Whitney's parent company, agreed the sale of PWPS in December 2012. As part of the acquisition, MHI also acquired Turboden srl of Italy, a manufacturer of Organic Rankine Cycle (ORC) turbines and an affiliate of PWPS.
MHI says that the acquisitions, together with the planned business integration with Hitachi Ltd. in the area of thermal power generation - planned for January 2014 - will enable it to provide a wider range of products and services in the power generation sector.
PWPS manufactures and services aero-derivative gas turbines, and engages in the engineering, procurement and construction of related power generation systems. The company has approximately 430 employees.
Turboden's ORC turbines have the capability to generate power or supply hot water using a relatively low-temperature heat source such as biomass, factory waste heat or geothermal energy. The company has sold more than 300 units in 20 countries, primarily in Europe.
In Japan, increasing opportunities are emerging to use ORC technology in biomass and geothermal applications, and MHI plans to significantly increase sales in those expanding markets.
MHI has traditionally focused its gas turbine business on large-capacity, high-efficiency systems.
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