Wärtsilä makes acquisition and upgrades project
Finnish technology group Wärtsilä has agreed to acquire Sweden-based Puregas Solutions. Wärtsilä is also co-operating with its subsidiary American Hydro to increase the efficiency and production capacity of a pump-generating plant in the US.
Wärtsilä’s acquisition of Puregas Solutions is valued at 280 million Swedish krona (29 million euros) with an additional maximum sum of 70 million Swedish krona (7.3 million euros), depending on the performance of Puregas Solutions in the coming year.
Puregas Solutions offers Wärtsilä additional equipment and expertise in biogas upgrading and will complement Wärtsilä’s position in the biogas liquefaction market.
“We are acquiring a company with technical know-how, good references, and a strong market position,” says Timo Koponen vice president, Flow & Gas, Wärtsilä Marine Solutions. “It provides us, therefore, with a good platform to expand our offering and support our customers with complementary biogas upgrading and liquefaction solutions.”
Meanwhile in the US, Wärtsilä is joining forces with its subsidiary American Hydro to increase the efficiency and hydropower production capacity of the John W. Keys III pump-generating plant located at the Grand Coulee Dam in Washington.
Wärtsilä and American Hydro will upgrade two pump units at the plant during 2017–2019, part of a project Hydro Power was awarded by the U.S. Department of Interior’s Bureau of Reclamation in 2016.
“This effort is pivotal to the infrastructure modernisation at the Keys Plant,” says reclamation commissioner Estevan López. “The pump units will provide greater efficiency, flexibility and capacity in hydropower production and water delivery.”
The John W. Keys III plant’s output is 314 MW of the Grand Coulee Dam’s total output of 6 809 MW.