IPS Expands Network with Tram Electric Acquisition Deal
IPS Expands Its Services with the Acquisition of Tram Electric
Integrated Power Services (IPS), a well-regarded leader in electrical, mechanical, and power management systems, is strengthening its market presence by acquiring Tram Electric, effective from a recently announced date. This strategic move marks an exciting step forward, enhancing IPS's capability to deliver comprehensive services to its clientele. Tram Electric is recognized for its esteemed service network and expertise in electromechanical products.
Strengthening the Electromechanical Service Network
As stated by Al Barlow, Senior VP & Regional General Manager of the IPS Electromechanical Division, this acquisition expands IPS's service network to be the most extensive in the western part of the country. The combination of resources and knowledge will allow IPS and Tram Electric to significantly elevate the service quality available to industries such as mining, along with other commercial markets that depend on reliable electrical solutions.
Tram Electric's Facilities and Services
The company boasts a remarkable 51,000 square foot repair and remanufacturing facility, complemented by additional locations aimed at providing asset lifecycle electromechanical services. Tram Electric's expertise covers an array of essential services including the remanufacturing and repairing of generators, voltage regulators, transformers, and various types of motors. In addition to these core services, Tram Electric offers advanced solutions such as computerized coil manufacturing and surge comparison equipment, ensuring that their offerings cater to a diverse set of industry requirements.
Established Reputation and Quality Assurance
Founded in 1981, Tram Electric has earned a stellar reputation over its four-decade history. It stands as a SKF Certified entity and is one of just eleven Siemens Large Motor Certified Service Partners in the United States. Such accreditations highlight Tram Electric's dedication to quality and its trustworthiness in the electrical apparatus market. As a significant player in the industry, the company's commitment to high standards has allowed it to build lasting relationships with clients.
Vision for the Future
In reflecting on the acquisition, Tram Electric’s President, Dave Zaccaria, expressed enthusiasm about joining IPS and moving forward together. This partnership is expected to play a crucial role not just in maintaining standards but also in driving forward innovative solutions and growth strategies tailored for the western market. The alignment of both companies’ philosophies will foster an environment where collaboration leads to greater achievements.
IPS’s Strategic Growth in North America
Providing a glimpse into the motivations behind this acquisition, IPS President and CEO John Zuleger spoke about the company’s investment into the aftermarket service network designed to bolster operations within critical markets such as copper and precious metal mining. The dedication to listening to customers' needs underscores IPS's vision to be a proactive partner focused on driving reliable equipment operations while addressing the burgeoning demands of industry expansion and process electrification.
Following the acquisition of Tram Electric, IPS now manages an extensive network composed of 97 locations across regions, including robust full-service remanufacturing centers. By integrating these services, IPS aims to provide a seamless experience to clients, ensuring they receive holistic and effective solutions to their operational challenges.
About Integrated Power Services (IPS)
IPS is recognized as a top-tier provider of service, engineering, and comprehensive remanufacturing tailored for electrical, mechanical, and power management systems. With its headquarters located in Greenville, South Carolina, IPS emphasizes a commitment to addressing complex challenges with innovative solutions. Through an expansive network that spans across North America and beyond, each IPS facility is geared towards responding adeptly and resolving intricacies encountered by clients.
Frequently Asked Questions
What prompted IPS to acquire Tram Electric?
IPS sought to enhance its service capabilities and expanding its market presence in the electromechanical sector, particularly in the western United States.
What services does Tram Electric provide?
Tram Electric offers a variety of services, including remanufacturing and repair of electrical components, along with specialized solutions like computerized coil manufacturing.
How will the acquisition benefit existing customers?
Customers will gain access to a larger network of services and improved solutions, particularly for industries such as mining and other commercial operations.
What does IPS's network look like after this acquisition?
With Tram Electric's addition, IPS will operate a network of 97 locations, broadening its service reach and resources.
What is IPS's commitment to quality?
IPS is dedicated to high-quality service and maintaining strong relationships with clients through industry-specific expertise and a focus on reliability.
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