MAN Diesel & Turbo to buy MaxWatt Turbines

By admin July 16, 2015 10:22 am IST

 MAN Diesel & Turbo SE, a wholly-owned subsidiary of MAN SE – part of Volkswagen AG – acquires 100 per cent of the shares of MaxWatt Turbines Pvt. Ltd., an Indian specialist company for engineering, production and service of steam turbines for applications in power generation and mechanical drives. After the acquisition MaxWatt will be integrated into the Turbo business of MDT and the new entity will operate under the name MAN Turbomachinery India Pvt. Ltd.
“MaxWatt is a well-established player in the Indian and Asian power generation business in the lower power segment,” says Dr. Uwe Lauber, CEO and Chief Sales Officer of MAN Diesel & Turbo SE. “By acquiring them we expand our portfolio and add steam turbines for numerous standard applications to our existing high-end product range. At the same time we gain access to new customer groups and market segments.”

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