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Weir acquires American Hydro

19 November 2010

The Weir Group plc has acquired American Hydro Corp, a manufacturer of hydroturbines and pumps for hydroelectric power generation.

Based in York, Pennsylvania, American Hydro recorded sales of US$42.9 million in 2009.
 
“American Hydro has a particular strength in improving the efficiency of existing stations, a field in which Weir has extensive experience in the UK and Canada. Combined with American Hydro, we have the engineering depth and skills to accelerate our development in established hydro markets throughout the Americas and Europe, where there is great potential for electricity companies to improve renewable energy output in an economically attractive manner,” said Weir chief executive Keith Cochrane.

 

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