Update on Gas Turbine Services JV With Siemens AG

Source: www.gulfoilandgas.com 5/7/2014, Location: Europe

Following satisfactory receipt of relevant regulatory approvals, Wood Group confirms the establishment of its gas turbine services joint venture with Siemens AG, to be known as EthosEnergy.

As previously announced:
EthosEnergy consists of the Maintenance and Power Solutions businesses of Wood Group GTS (including its 49% stake in Wood Group Pratt & Whitney but excluding its Rolls Wood Group, TransCanada Turbines and Sulzer Wood joint ventures), and Siemens' TurboCare business unit which provides aftermarket gas turbine, steam turbine and generator design, repair and manufacturing services. Ethos Energy is owned 51% by Wood Group and 49% by Siemens. As a result, all Wood Group's predominantly opex related gas turbine activities are now in joint ventures and will be reported within the Wood Group PSN division.


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Related Categories: Diesel Engine  Engine Parts  General  Generating Sets  Generators  Marine Diesel Engine  Power Pack  Turbines (General)  Turbines: Gas  Turbines: Hydro  Turbines: Steam 

Related Articles: Diesel Engine  Engine Parts  General  Generating Sets  Generators  Marine Diesel Engine  Power Pack  Turbines (General)  Turbines: Gas  Turbines: Hydro  Turbines: Steam 


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