Enprotech Corp Acquires American Hydro

Enprotech Corp has announced the acquisition of American Hydro, a business of Wärtsilä Corporation.

American Hydro, headquartered in York, PA, is a North American provider of custom hydropower refurbishment solutions and turbine services. American Hydro leverages world-class advanced engineering, precision machining, large fabrication and field services capabilities to power North American hydroelectric production. American Hydro 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 revenues of the company were approximately $50 million in 2021.

Chris Pascarella, President and CEO, Enprotech Corp, stated: "The entire organization is excited to add American Hydro to our collective portfolio of businesses focused on the maintenance, repair, rebuild and modernization of heavy industrial equipment. 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."

"Enprotech Corp is actively pursuing strategic acquisitions that will add to the organizations' larger collective maintenance, repair and productivity optimization capabilities," said a company spokesperson. "These acquisitions will help to execute the vision to become the #1 North American maintenance, repair, remanufacture and optimization solutions provider for the most complex, heavy industrial machinery and equipment-the one-stop shop of choice. The acquisition of American Hydro is an important step on this journey."

For more information contact:

Enprotech Corp

4259 E 49th St.

Cleveland, OH 44125

216-883-3220

eitcustomerservice@enprotech.com

www.enprotech.com

American Hydro

135 Stonewood Road

York, PA 17402

717-755-5300

www.ahydro.com