Mitsubishi Heavy Industries Ltd. said Monday it has acquired a 40 percent equity stake in ATLA, an Italian gas turbine parts manufacturing and repair company, to enhance competitiveness in maintenance services in Europe.
The major heavy machinery manufacturer hopes to provide superior inspection and maintenance services for gas turbine components exposed to high temperatures with ATLA, which has built an excellent reputation in that area.
ATLA was established in 1978 and has its head office and plant in Chieri near Turin, Italy. In 2007, it established Diamond GT Service Europe with Mitsubishi Heavy, which became one of the three providers of the Japanese firm’s power systems service in Europe.
Mitsubishi Heavy said it bought the shares via AVIO, an Italian aerospace company, and ATLA’s president. Strengthening its European services, also covering the Middle East region, will add to the Japanese firm’s existing footing in the Americas and Asia.
In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.