Woodward has acquired EthosEnergy's iCON Controls Business to enhance its gas turbine capabilities and support its growth strategy in the energy sector.
Target Information
Woodward has recently acquired the iCON Controls Business from EthosEnergy Power Plan Services, LLC. This acquisition significantly enhances Woodward's capabilities in the gas turbine market, aligning with its strategic growth objectives. The iCON Controls Business has over 20 years of expertise in the development of control systems designed specifically for turbine applications, offering various products suitable for light industrial and mature heavy-frame gas turbines.
With an installed base exceeding 1,200 systems, the acquisition not only enlarges Woodward's operational reach but also introduces new opportunities for service enhancements and control system upgrades, crucial for staying competitive in the evolving energy sector.
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Industry Overview
The gas turbine sector is rapidly evolving, driven by technological advancements and an increasing focus on efficiency and sustainability. In recent years, there
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Woodward
invested in
EthosEnergy’s iCON Controls Business
in 2025
in a Other deal