Industrious Group Inc. completes the acquisition of American Hydro
Industrious Group (formerly Enprotech Corp) announces the acquisition completion of American Hydro, a former business of Wärtsilä Corporation.
American Hydro offers custom hydropower refurbishment solutions and turbine services focusing mainly on North American markets. The company was founded in 1986.
Chris Pascarella, President and CEO, Industrious Group stated: “The entire organization is extremely excited to add American Hydro to our portfolio of businesses focused on the maintenance, repair, rebuild and modernization of heavy industrial machinery and equipment. American Hydro expands our industry segmentation into the renewable energy sector, a key growth category for Industrious Group. Additionally, American Hydro has a remarkable team and technical capabilities that will strengthen our entire organization.”
The Industrious Group team is excited to welcome American Hydro to the organization.
Industrious Group (formerly Enprotech Corp) in brief
Industrious Group provides maintenance, repair, rebuild, and modernization solutions to optimize North American businesses utilizing heavy industrial machinery and equipment. Headquartered in Cleveland, OH, Industrious Group is a subsidiary of ITOCHU Corporation (ITC). Some of the key industry segments served include renewable energy, automotive, steelmaking, aluminium manufacturing, appliance, general manufacturing, oil & gas, and many more. With seven facilities in North America, Industrious Group delivers a one-stop solution to keep our partners heavy equipment and machinery in motion.
Industrious Group is actively exploring strategic opportunities to acquire diverse companies that will uniquely add to the organizations’ collective maintenance, repair, and productivity optimization capabilities.
Industrious Group’s vision is to become the #1 North American maintenance, repair, remanufacture, and optimization solutions provider for heavy-industrial equipment and machinery. The productivity optimization partner of choice.
To realize this vision, future mergers and acquisitions are necessary to enhance core capabilities, technical skill sets and expand multi-industry expertise on the most complex, heavy-industrial machinery.