American Hydro Corp acquired by Finland based company
YORK COUNTY, Pa. – American Hydro Corporation, doing business as Weir American Hydro, announced that Wärtsilä, based in Helsinki, Finland and a global leader in complete lifecycle solutions for the marine and energy markets, has acquired the Springettsbury Township based company from the Weir Group plc, effective June 30.
Established in 1986, American Hydro is a leading supplier and installer of large equipment upgrades and services for the hydroelectric industry. The company specializes in performance enhancements for existing hydraulic turbines, pump turbines and large specialty pumps. With its headquarters in York, and a service center in Montreal, Canada, the company currently employs 241 people.
The acquisition will enable Wärtsilä to grow and expand its existing global hydro and industrial service offering. Wärtsilä has over 30 years’ experience in supplying seals and bearings to the hydro and industrial markets globally. American Hydro will be part of the Wärtsilä Services business.
In announcing the acquisition agreement, Mr. Alan Roth, President American Hydro, commented: “American Hydro is excited to be an instrumental part of Wärtsilä Services’ aim to be a leading global services provider to the hydropower & industrial markets”.
Wärtsilä has a long history of investment in the development of new services and technologies that enhance operational efficiency and this know-how will be further strengthened with the addition of American Hydro’s range of capabilities.
In announcing the acquisition agreement, Mr. Pierpaolo Barbone, President, Wärtsilä Services commented: “American Hydro has an established and respected position in the hydroelectric business. The acquisition supports our growth strategy and expansion in renewables, improving our offering and services towards our customers.”