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SWPC Acquires Jet Turbine Service

Posted on December 7, 2004

Siemens Westinghouse Power Corporation announced that it has acquired Jet Turbine Service, Inc. of Boca Raton, Florida, a leading independent service provider to users of aero derivative gas turbine engines. The acquisition will expand the portfolio of service solutions offered by the Siemens’ Turbo Services Network, a group of independent service providers specializing in the field service, repair and upgrade of power generation equipment and industrial turbo machinery of all manufacturers worldwide.

Within the U.S. and Canada, Jet Turbine Service provides engine overhauls, testing, engine packaging, relocation and engine leasing programs for aero derivative gas turbine engines of all major manufacturers.

“With a goal to have over 40% of our global revenues coming from service activities, continued investment in this sector is one of our key business strategies,” said Randy Zwirn, president and CEO of Siemens Westinghouse Power Corporation. “The acquisition of Jet Turbine Service, as the latest addition to our Turbo Services Network, demonstrates our continued commitment to be a comprehensive service provider to our customers and to deliver added value through a network of companies capable of providing attractive aftermarket alternatives to traditional power generation and industrial equipment service. Jet Turbine Service brings proven experience and capability in the aero derivative sector, a previously unserved market for Siemens Westinghouse.”

Jet Turbine Service also has developed the mobile TransPac system, which delivers 20 MW of power on two trailer sized units, for both 50 or 60 Hz applications. This product and capability complements the Siemens service portfolio because it is an offering not supplied by Siemens until now.

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