Global Power Equipment Group Inc. (Global Power) has sold Deltak LLC to Belgium-based Hamon Corporation for US$31 million.
Deltak, a subsidiary of Global Power, is a long-standing leader in the design and construction of custom waste heat recovery solutions for industrial and power generation markets.
Hamon Corporation, a subsidiary of Hamon & Compagnie International SA, provides environmental and energy saving technologies for power and industrial applications. The company manufactures, engineers and installs specialty equipment used in power generation, oil and gas, and other industries.
Global Power, with revenues of over US$500 million, provides equipment and services to the global power infrastructure, energy and process industries.
One of Oaklins' teams in the USA acted as financial advisor to the seller in this transaction.
Craig M. Gibson
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