Wood Group GTS Forms Strategic Alliance with Pratt & Whitney Power Systems for 'F' Technology Services
EAST HARTFORD, Conn., Tuesday, November 1, 2011
Wood Group GTS (GTS) has entered into a strategic alliance with Pratt & Whitney Power Systems (PWPS) to jointly service the GE Frame 7FA industrial gas turbine aftermarket. Under this alliance GTS has been granted an exclusive 10 year licence for sale and distribution of PWPS manufactured combustion hardware, hot gas path components and high technology repair services. This alliance will enhance GTS' ability to support power plant owners and operators with long-term maintenance agreements. PWPS will continue to directly sell parts and repair services on a transactional basis. Pratt & Whitney is a United Technologies Corp. (NYSE:UTX) company.
There are over 1000 GE 'F' technology gas turbines in operation and 70 percent of these are 7FA units, making this the single largest services opportunity. Power plant operators facing changing demand, increased regulation and fuel price escalation are sensitive to the economics of gas turbine operation. The alliance between GTS and PWPS brings together two leading service and technology companies with complementary capabilities, delivering a comprehensive maintenance solution focused on life-cycle cost reduction of equipment, deploying advanced technology and engineering depth.
This licence enables GTS to further enhance its long-term service offering for 'F' technology machines, adding a comprehensive parts and repair solution to a portfolio including DLN combustion technology, remote monitoring and diagnostics, power augmentation, field service and technical support.
"Our agreement builds on the successful collaboration between GTS and PWPS supporting aero-derivative machines. The 'F' technology market demands a comprehensive maintenance solution and through partnership with GTS we are able to meet this need," said Peter Christman, President, Pratt & Whitney Power Systems. "The combination of PWPS' engineering, new part manufacturing and repair technology and GTS' service experience and risk management strategies is a compelling proposition."
"We have a track record of service innovation and lowering the cost of ownership for industrial gas turbine operators. Our partnership with PWPS brings together two established and complementary services companies, providing choice and enabling operators to select a maintenance solution that offers the best value for their business," said Mark Papworth, CEO Wood Group GTS. "This package provides a truly 'independent' and high quality solution for 'F' technology units to mitigate the technical and commercial risk of turbine operation. We believe our customers will benefit from this agreement and receive greater value."
Wood Group GTS is a leading independent provider of services and solutions for clients in the power, oil and gas and renewable energy markets. Worldwide, these services include: power plant engineering, procurement and construction management; facility operations and maintenance; and repair and overhaul of gas, wind and steam turbines, pumps, compressors and other high-speed rotating equipment. www.woodgroupgts.com
Wood Group is an international energy services company with $5.5bn sales, employing more than 36,000 people worldwide and operating in 50 countries. The Group has three businesses - Engineering, Wood Group PSN and Wood Group GTS - providing a range of engineering, production support, maintenance management and industrial gas turbine overhaul and repair services to the oil & gas, and power generation industries worldwide. www.woodgroup.com
Pratt & Whitney is a world leader in the design, manufacture and service of aircraft engines, space propulsion systems and industrial gas turbines. United Technologies, based in Hartford, Conn., is a diversified company providing high technology products and services to the global aerospace and commercial building industries. www.pratt-whitney.com