AES Engineering acquires PSS Seal
08/11/2024
UK-based AES Engineering has completed a USA acquisition to boost its reliability services and product offering in North America.
The Rotherham-located group has acquired a controlling stake in global marine propulsion shaft sealing company PSS Seal LLC for an undisclosed sum.
PSS, headquartered in Seattle, Washington, specialises in the reliability and sealing technology sector for marine vessel propulsion systems. The company has more than four decades of engineering and manufacturing expertise with an extensive direct and indirect marine channel to market.
The AES Engineering Group also owns AESSEAL in Rotherham, a designer and manufacturer of mechanical seals. The latest expansion follows acquisitions in the Netherlands, Canada, Australia and the USA.
Chris Rea, Group Managing Director of AES Engineering Ltd, said: “The acquisition of PSS supports our strategic decision to globalise our sealing technology marine business and further strengthens our customer reliability offering for this important market. Shaft sealing technology is the critical application in this sector and our business can now provide a one-stop shop for sealing and reliability products and services.”
Frederic Laffitte, PSS Founder and Chief Executive, said: “The culture and global reach of AES Engineering Ltd together with the extensive product range of AESSEAL makes this a complementary match for the PSS marine shaft seal product range. Many of our customers have been calling for an increased product offering for the marine sector balance of plant and we can now deliver on this request.”
Kevin Woody, PSS President, added: “The selection of AES Engineering Ltd as our partner was an easy decision due to their product technology, similar dedication to customer service and reliability focus. This partnership allows us to immediately meet the demand from customers for an expanded product range as well as opening new opportunities in other markets.”
