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Global Power Closes Acquisition of Siemens' eHouse Manufacturing

IRVING, Texas, March 2, 2015 (GLOBE NEWSWIRE) -- Global Power Equipment Group Inc. (NYSE:GLPW) ("Global Power" or "Company") announced today it has closed its previously announced acquisition of Siemens' eHouse manufacturing operations through its subsidiary Koontz-Wagner Custom Controls Holdings, LLC. The acquisition will enhance Global Power's manufacturing footprint and will serve as a platform to provide Global Power's customers with integrated solutions and expand its product and service portfolio.

Located in Houston, Siemens' eHouse operational plant manufactures and assembles power equipment centers (PECs) – or eHouses – for low- and medium-voltage switchgear, motor control center equipment, SCADA and other auxiliary equipment for a variety of industries. Siemens will continue to develop and provide products and services for this market by focusing on supplying highly-technical electric distribution gear.

About Global Power

Texas-based Global Power Equipment Group Inc. is a design, engineering and manufacturing firm providing a broad array of equipment and services to the global power infrastructure, energy and process industries. It is comprised of three segments. Product Solutions includes two primary product categories: Auxiliary Products designs, engineers and manufactures a comprehensive portfolio of equipment for utility-scale natural gas turbines while Electrical Solutions provides custom configured electrical houses and generator enclosures for the midstream oil & gas industry, the power generation market to include distributed and backup power as well as other industrial and commercial operations. Energy Services provides lifecycle maintenance, repair, construction and fabrication services for the industrial, chemical/petrochemical process, oil and gas and power generation industries. Nuclear Services provides on-site specialty support, outage management and maintenance services to domestic utilities' nuclear power facilities. The Company routinely provides information at its website: www.globalpower.com.

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Source: Global Power Equipment Group Inc.