Global expansion continues for engineering group with another acquisition
Engineering and reliability group, AES Engineering, has further increased its reliability services and product offering in the US by acquiring a controlling stake in marine propulsion shaft sealing company PSS Seal LLC.
The group also owns AESSEAL®, in Rotherham, the world’s largest homogeneous designer and manufacturer of
mechanical seals.
This latest expansion in the global market follows acquisitions in the Netherlands, Canada, Australia and USA.
PSS, headquartered in Seattle, Washington operates in the reliability and sealing technology sector for marine vessel propulsion systems.
The company has over four decades of engineering and manufacturing expertise with an extensive direct and indirect marine channel to market.
The acquisition, completed for an undisclosed sum, will allow existing customers of PSS to benefit from a wider product and service offering from AESSEAL, and the products and services of all other companies owned by AES Engineering.
By joining the AES Engineering Group, PSS customers gain access to reliability products such as Machine Sentry™ a cloud-based condition monitoring system, as well as the full industrial range of sealing technology products manufactured by AESSEAL for the marine sector.
The global service network of AESSEAL will also compliment the supply and customer base of PSS.
Chris Rea, group managing director of AES Engineering, said: “The acquisition of PSS supports our strategic decision to globalise our sealing technology marine business and further strengthens our customer reliability offering for this important market.
“Shaft sealing technology is the critical application in this sector and our business can now provide a one stop shop for sealing and reliability products and services”
PSS founder and CEO, Frederic Laffitte, said: “The culture, and global reach of AES Engineering, together with the extensive product range of AESSEAL makes this a complimentary match for the PSS marine shaft seal product range.
“Many of our customers have been calling for an increased product offering for the marine sector balance of plant, and we can now deliver on this request.”
PSS president, Kevin Woody, added: “The selection of AES Engineering as our partner was an easy decision due to their product technology, similar dedication to customer service and reliability focus.
“This partnership allows us to immediately meet the demand from customers for an expanded product range as well as opening new opportunities in other markets.”
