Innova Global Ltd. (INNOVA), an international leader in emissions and noise control, has acquired the shares of gas turbine auxiliary equipment specialist, Braden, from Global Power Equipment Group. The acquisition includes Braden Manufacturing LLC (BUSA) in Tulsa, Consolidated Fabricators (CFI) in Auburn, Massachusetts and Braden-Europe (BEUR) located in Heerlen, the Netherlands.
The acquisition of Braden allows Innova that has its roots in Higgot-Kane to expand its global reach with added market presence in North, Central and South America, as well as Europe, the Middle East, North Africa, China and, Australasia. Innova’s President and CEO Harry Wong said the combination of INNOVA and Braden brings together strong project experience and the product offering of two global leaders in their fields. “As a result of this transaction, Innova will expand its international footprint into Europe, China, the Middle East and North Africa as well as strengthen its presence in the US and the Americas”, Mr. Wong said. “Importantly, the clients of the combined entity will benefit greatly from the breadth of prequalified product designs and solutions to service its clients worldwide.” “We look forward to strengthening our operations through extension of the technical capabilities, global supply chain, and expansion of product offerings through the combined Innova-Braden team,” he said. “Similarly, we also plan to work with the strong CFI team to strengthen its product offering to existing clients and to manufacture some of their current specialized parts.” “Braden Europe provides Innova with an important base within the European Union and a pathway to offer additional products and services to clients within BEUR’s geographical markets.”
Braden has a gas turbine aftermarket retrofit and parts business, which offer clients the option of upgrading and improving auxiliary equipment requiring repairs or replacement – from filter houses to exhaust silencers and stacks, diverter dampers, and a complete line of in-duct products. “This aftermarket and retrofit operation will add a new dimension to Innova’s product and service offering which we plan to support with our in-house construction group and grow into a much larger business,” Mr. Wong said. The Braden transaction follows Innova’s acquisition earlier this year of the liquidated intellectual property assets of Express Integrated Technologies (EIT) a leader in Selective Catalytic Reduction Systems and Once Through Steam Generators (OTSGs).