Expanding Power Generation Business

Sung Jae-seop, managing director at Doosan Heavy Industries & Construction and Peter Calamari, managing director of Platte River Equity are posing for a photo after signing a contract for the acquisition of US gas turbine service company ACT on July 25.
Sung Jae-seop, managing director at Doosan Heavy Industries & Construction and Peter Calamari, managing director of Platte River Equity are posing for a photo after signing a contract for the acquisition of US gas turbine service company ACT on July 25.

 

Doosan Heavy Industries & Construction announced on July 26 that Doosan Heavy Industries & Construction America (DHIA) completed the acquisition of US gas turbine service provider ACT Independent Turbo Service (ACT). Doosan Heavy Industries & Construction signed a memorandum of understanding on the acquisition of ACT in June.

ACT is called one of the world's leading gas turbine service technology companies. Headquartered in Houston, Texas of the US, the company provides maintenance services for core components for gas turbines such as combustions, turbines, and rotors.

After the acquisition, the company will be renamed Doosan Turbomachinery Services. The acquisition of ACT will earn Doosan Heavy Industries & Construction a bridgehead to the US gas turbine market which is 16GW a year. This is because the company secured booked orders and know-how as well as expertise and facilities specialized in gas turbine services.

By 2030, Doosan Heavy Industries & Construction will lay the foundation for tapping into the global gas turbine service market, which is estimated to be about 210GW via the acquisition of the ACT. 210GW is 2.5 times the total generation capacity of Korea.

In addition, by applying ACT’s capabilities and know-how to the development of gas turbine technology, Doosan Heavy Industries & Construction expects to expedite a national project to develop gas turbine technology that will proceed until 2019.

 

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