MAN Diesel & Turbo to acquire steam turbine specialist

MAN Diesel & Turbo SE has acquired 100% 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.

Headquartered in Bangalore, 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.

‘India is a large country with huge growth potential and it is on a good path’, says Emmanuel Ferdinand, Senior Vice President at MAN Diesel & Turbo and Managing Director of the company’s Indian business.

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