Global Power (NYSE:GEG)
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Global Power Equipment Group Inc. Completes Purchase of Williams
Industrial Services Group
TULSA, Okla., April 11 /PRNewswire-FirstCall/ -- Global Power Equipment Group
Inc. (NYSE:GEG), a leading design, engineering and manufacturing firm providing
a broad array of equipment and services to the global energy, power
infrastructure and process industries, today completed its previously announced
acquisition of Williams Industrial Services Group (WISG), a private firm that
provides routine and specialty maintenance services to firms engaged in power
generation, pulp and paper manufacturing and to government agencies, primarily
the Department of Energy.
Beginning with the presentation of our 2005 second quarter results, financial
information relating to WISG will be reported within a new segment to be called
'Industrial Services'. The Company expects to file a Current Report on Form 8-K
providing three years of historical financial statements for the business
acquired and one year of pro forma financial information incorporating WISG in
June 2005.
About Global Power Equipment Group
Oklahoma based Global Power Equipment Group Inc. is a leading design,
engineering and manufacturing firm providing a broad array of equipment and
services to the global energy, power infrastructure and process industries. The
Company designs, engineers and manufactures a comprehensive portfolio of
equipment for gas turbine power plants and power-related equipment for
industrial operations, and has over 30 years of power generation industry
experience. The Company's equipment is installed in power plants and in
industrial operations in more than 40 countries on six continents and believes,
in its product lines, it has one of the largest installed bases of equipment
for power generation in the world. In addition, the Company provides its
customers with value-added services including engineering, retrofit,
maintenance, repair and general plant services. Additional information about
Global Power Equipment Group may be found at http://www.globalpower.com/ .
Company Contact:
Bob Zwerneman
Director of Investor Relations
(918) 274-2398
DATASOURCE: Global Power Equipment Group Inc.
CONTACT: Bob Zwerneman, Director of Investor Relations of Global Power
Equipment Group Inc., +1-918-274-2398
Web site: http://www.globalpower.com/