Global Power Equipment Group Inc. Completes Purchase of Williams Industrial Services Group
April 11 2005 - 4:00PM
PR Newswire (US)
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/
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