American Hydro acquired by Enprotech

York-based American Hydro has been acquired by Enprotech Corp. 

American Hydro is a provider of custom hydropower refurbishment and turbine solutions 

The company specializes in the engineering, design, manufacturing, refurbishment, installation, and servicing of high-performance hydropower turbines and pumps.  

The company was founded in 1986 and became part of Wärtsilä in 2016.  

Annual revenue for the company was approximately $50 million in 2021.  

“The entire organization is extremely excited to add American Hydro to our collective portfolio of businesses focused on the maintenance, repair, rebuild and modernization of heavy industrial equipment,” said Chris Pascarella, president and CEO, Enprotech Corp. “American Hydro expands our industry segmentation into the renewable energy sector, a key growth category for Enprotech Corp. Additionally, American Hydro has remarkable technical capabilities that will strengthen our entire organization.” 

He said that Enprotech Corp. is currently pursuing strategic acquisitions that will add to the organizations’ larger collective maintenance, repair, and productivity optimization capabilities.  

The transaction is expected to be completed in first half of 2023 subject to regulatory approvals. 

Voith takes full ownership of hydropower company with York headquarters 

Two Voith Hydro employees. PHOTO/PROVIDED

Heidenheim, Germany-based global technology company Voith Group announced that it has acquired the remaining shares of its hydropower company, Voith Hydro Group Division. 

Voith purchased the remaining 35% stake in the company from Munich, Germany-based Siemens Energy, which established the company with Voith in 2000. 

The completion of the transaction makes Voith the sole owner of the Voith Hydro Group Division. Voith Hydro’s U.S. headquarters is located in York. 

“We are extremely pleased to have completed the acquisition as planned. With this move, we are continuing to systematically pursue our strategy of strengthening our core business in the field of sustainable technologies,” Dr. Toralf Haag, CEO of the Voith Group, said in a statement. “As a full-line supplier of hydropower technology, we are ideally placed to exploit the potential of hydropower in the renewable energy mix. In doing so we are making a substantial contribution to the shift to renewable energies and the decarbonization of the industry.” 

Voith Hydro was first established as a joint venture between Voith and Siemens to combine the expertise of Voith with the generator capabilities of Siemens. Today, Voith has its own expertise in the generator space as a full-line supplier, the company wrote in a press release. 

Voith currently employs 20,000 people and locations in over 60 countries worldwide.