MHI Group acquires Belgium firm

6 April 2009

Mitsubishi Heavy Industries, Ltd. (MHI) and the shareholders of Maintenance Partners NV of Belgium have reached a takeover agreement.

Under the agreement a London-based subsidiary of MHI, Mitsubishi Power Systems Europe, Ltd. (MPSE), will acquire 100% of the shares in Maintenance Partners NV, which offers maintenance, repair and reconditioning of all electrical and mechanical rotating machines (generators, gas turbines, steam turbines, etc.).

The acquisition will enable MHI to offer additional services, such as component manufacturing, diagnostics, field inspection and service, outage management and 24-hour technical support. A new combustion turbine repair centre will be constructed in the Middle East region providing the latest in technology for D/E and F class combustion turbines, and available even for G class in near future.

“By teaming up with MHI, we will be able to offer our customers the best of both worlds: top quality rotating machines and top quality maintenance, repair, revision and spare parts,” said Johan De Coster, CEO, and Wim Schelfaut, COO of Maintenance Partners.

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