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Power Solutions International, Inc. Acquires MTL Manufacturing & Equipment Inc.
Globenewswire· 2026-03-02 21:30
Core Viewpoint - Power Solutions International, Inc. (PSI) has acquired MTL Manufacturing & Equipment Inc. to enhance its competitive position in the data center market through vertical integration and improved supply chain control [1][3][4] Company Overview - Power Solutions International, Inc. is a leader in designing, engineering, and manufacturing emissions-certified alternative-fuel and conventional power systems [1][5] - PSI provides integrated turnkey solutions to global original equipment manufacturers and end-user customers across various markets, including power systems, industrial, and transportation [5][6] Acquisition Details - PSI acquired 100% of MTL's outstanding stock, financed through existing cash reserves and assumption of certain equipment-related debt [3] - MTL specializes in manufacturing fabricated products such as switchgear subbases, electrical enclosure assemblies, and fuel tanks for power generation applications [2][8] - MTL has over 30 years of experience and holds several certifications, including UL142, ULC S601, and UL2085 [2][8] Strategic Benefits - The acquisition is expected to strengthen PSI's ability to meet the growing demand for reliable power generation solutions in data center applications [4] - MTL's advanced production capabilities and 185,000 square feet of manufacturing space will enhance PSI's supply chain control and reduce lead times [3][4] - The integration aims to leverage MTL's engineering and manufacturing strengths to address market demands effectively [3]