IPS Expands Service Range with Acquisition of CFM Services
IPS Expands Service Range with Acquisition of CFM Services
Integrated Power Services (IPS) has made a strategic acquisition by bringing CFM Services into its portfolio. This partnership is set to strengthen IPS's capabilities while enhancing service delivery across diverse sectors.
Understanding CFM Services
CFM Services is a prominent provider in the field of electrical solutions, particularly recognized for its work in high and medium voltage systems. They specialize in transformer reconditioning and refurbishment, positioning them as a critical player in the power management landscape. CFM is known for delivering reliable, cost-effective services tailored to meet the specific demands of various industries, including hydropower, utilities, and education.
Strategic Benefits of the Acquisition
The acquisition of CFM Services is expected to significantly enhance IPS’s service offerings. Shannon Moses, the Executive Vice President & General Manager of IPS’s Power Management Division, emphasizes that this move will add vital NETA technical expertise to IPS's existing portfolio. By integrating CFM’s established strengths, IPS will be able to offer an even wider range of solutions in engineering and field services, particularly in the Canadian market.
Maximizing Customer Value
With the union of IPS and CFM, customers can anticipate improved service efficiency and access to a broader selection of power management solutions. This strategic collaboration is not just about expanding technical capabilities; it's also about creating superior value for customers and enhancing the overall service experience.
Combining Strengths for a Better Future
The leadership at CFM Services is optimistic about this new chapter, expressing excitement over the collaborative possibilities that lie ahead. Stéphane Forgues, Area Manager at CFM, highlights the potential of merging IPS’s robust product offerings with CFM’s specialized services to enhance customer satisfaction and employee opportunities.
Operational Synergies
The integration is expected to yield operational synergies that benefit both companies and their clientele. By building on their combined strengths, IPS aims to serve a broader range of customers effectively, addressing their critical infrastructure needs with greater efficiency than ever.
About Integrated Power Services
IPS is a leader in service, engineering, and remanufacturing pertaining to electrical, mechanical, and power management systems. With a strong emphasis on sector-specific expertise, IPS supports critical infrastructure throughout North America, the UK, and the Caribbean. The company prides itself on being capable of navigating complex challenges through a responsive approach that leverages a considerable global talent pool. By providing seamless, single-source solutions, IPS continues to uphold its reputation in the industry.
Commitment to Excellence
Dedicated to delivering exceptional results, IPS is equipped with a vast network of service and distribution centers. This extensive operational footprint enables IPS to provide timely and effective solutions tailored to customer needs, further reinforcing its commitment to excellence in service delivery.
Frequently Asked Questions
What is the significance of the IPS and CFM acquisition?
This acquisition enhances IPS's service offerings and technical expertise, enabling them to better serve various industries across Canada.
What services does CFM provide?
CFM specializes in high and medium voltage systems, electrical servicing, thermographic inspections, oil analysis, and transformer reconditioning.
How will customers benefit from the acquisition?
Customers can expect enhanced service efficiency, access to a broader range of power management solutions, and improved technical support.
Where is CFM located?
CFM Services is located at 1060 Gaudette, St-Jean-sur-Richelieu, Québec, and can be contacted at (514) 316-8512.
What is IPS's focus as a company?
IPS focuses on providing comprehensive service, engineering, and remanufacturing solutions for electrical and mechanical systems, prioritizing critical infrastructure support.
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