Atlas Copco acquires Powerhouse E&E
By Leila Steed15 July 2019
Atlas Copco has acquired steam boiler rental company Powerhouse Equipment & Engineering.
Operating primarily in the manufacturing and oil & gas industries, Powerhouse provides temporary steam solutions for customer processes.
Andrew Walker, Atlas Copco Business Area President Power Technique, said, “Powerhouse is a leading company in its field of expertise in the US market. This acquisition is in line with our strategy to bring additional value to our customers by offering a more complete portfolio of temporary utility solutions.”
Powerhouse employs a staff of 95 and had revenues close to US$26 million (€22.7 million) in 2018.
Atlas Copco said the US-based company would become part of the Specialty Rental division within its Power Technique business area.