Power Engineering India Pvt Ltd Acquires Historic Sheffield Manufacturer – Ward Power Ltd

Power Engineering India Pvt Ltd Acquires Historic Sheffield Manufacturer – Ward Power Ltd

Key Highlights

  • Power Engineering India Pvt. Ltd. has acquired Sheaf Power Ltd.

  • This acquisition will strengthen Power Engineering’s presence in the UK and expand their export opportunities

  • The deal is expected to create jobs in both India and the UK

  • Sheaf Power, now known as Ward Power, is a well-established company with a strong reputation in the power generation industry

  • Power Engineering is looking to expand globally through further mergers and acquisitions

No wonder, mergers and acquisitions are shaping the landscape of powerhouses across the globe.  Power Engineering India Pvt. Ltd. has successfully acquired Ward Power Ltd., a historic manufacturer based in Sheffield, UK.

This strategic move will bolster the Pai Kane Group’s manufacturing presence in the UK, enhancing their reach and influence without disrupting Ward Power’s established operations. The agreement was formalized in the presence of Mr. Robert G Linley, the chairman of Ward Power Ltd.


As with any acquisition, this presents opportunities for Power Engineering India Pvt. Ltd. to expand exports to the UK and other markets. It’s also anticipated to generate significant job growth both in India and the UK.


Mr. Atul Pai Kane, the chairman and managing director of the Pai Kane Group, stated, “We intend to hire additional personnel in both the UK and India to support the increased business demands.

Since 1987, Ward Power has been a prominent player in the UK and European markets, specializing in bespoke gensets and niche contracts. They are renowned for their Wardpower range of power generation systems and their expertise in handling specialized projects. Mr. Robert G Linley, chairman of Sheaf Power Ltd., commented, “I’ve been considering an exit strategy, and they have expressed interest in collaborating with us for some time now. They see Wardpower as a respected name in power generation.”

Currently, Power Engineering India Pvt. Ltd. manufactures and exports gensets to over 66 countries and is actively exploring further mergers and acquisitions globally.

Power Engineering India Pvt. Ltd. Unveils its Latest Patented Innovation – Glass Fiber Reinforced Polymer (GRP) Diesel Generators.

Power Engineering India Pvt. Ltd. Unveils its Latest Patented Innovation - Glass Fiber Reinforced Polymer (GRP) Diesel Generators.

Date: 18th October 2024

Venue: Power Engineering (India) Pvt. Ltd., Survey No. 108 & 114, Ganesh Nagar, Wafoli Road, Opp. Ganesh Temple, Banda, Maharashtra 416511

 

On 18th October 2024, Power Engineering India Pvt. Ltd. proudly hosted a global product launch at its Banda facility, introducing its latest patented innovation—Glass Fiber Reinforced Polymer (GRP) Diesel Generators. This groundbreaking product incorporates advanced engineering materials to set new industry benchmarks for durability, aesthetics, and environmental sustainability.

The event hosted international customers and dealers from Sri Lanka, UAE, Saudi Arabia, and Kuwait, along with key industry leaders, MEPs, and EPCs from Goa and across India. The livestreaming of the event attracted a global audience. The presence of esteemed partners and suppliers highlighted the significance of the occasion, marking it as a notable milestone in the company’s 35-year history.

Esteemed suppliers from various industries who attended the event included:

  • ●  Mr. Madhur Bhargava, Vice President, VE Commercial Vehicles Ltd.

  • ●  Mr. Rajiv Chopra, Head of Engine Sales, VE Commercial Vehicles Ltd.

  • ●  Mr. Guirish Kulkarni, Managing Director, Nidec Motor Corporation India

  • ●  Mahesh Bhardwaj, Sr. Director- Sales, Mktg. and Service, at Nidec Industrial

    Automation India Pvt Ltd

  • ●  Mr. Anshul Kapoor, General Manager, Sales, Cummins Generator Technologies

    India Ltd.

  • ●  Mr. Rajendra Jaiswal, Senior Manager, Technical, DIEF

  • ●  Mr. Ishwar Kadam, Regional Sales Manager, DIEF

Mr. Atul D. Pai Kane, Chairman and Managing Director of the Pai Kane Group, reflected on the company’s impressive 35-year journey. He recounted how Power Engineering India Pvt. Ltd. began in a small garage in 1989, transitioning from trading to manufacturing gensets. He emphasized that the company’s innovative spirit remains strong, leading to the launch of this groundbreaking product, which is poised to transform the future of the power industry. This new product is expected to undoubtedlytouch lives. The Pai Kane Group stands as a testament to 35 years of hard work, dedication, invaluable lessons, and significant growth.

 

The unveiling of the GRP Diesel Generators was led by Ms. Gaurapriya Pai Kane, Director – Mentor Human Capital. She was joined on stage by Mr. Atul D. Pai Kane, Mr. Sunil Pai Kane, Director – Finance and Operations; Mr. Ravi Srivastava, Director – Global Sales, Service, and Marketing; Mr. Swaroop Naik, Head of Business – Fenestrations; and Mr. Deepak Sonawane, Head of Business – GRP, Mr. Sachin Gauns, Senior Manager, Design and Development.

 

We showcased our full range of GRP Diesel Generators, available in capacities from 30kVA to 160kVA, demonstrating the versatility and reliability of this technology.

 

Revolutionary GRP Technology:

The highlight of the event was the unveiling of the GRP Diesel Generators—an exceptional blend of power and aesthetics. Mr. Swaroop Naik delivered an in-depth presentation on the advanced features of GRP technology, which include:

 

High Strength: GRP offers exceptional mechanical strength, ensuring long-lasting performance.

 

Corrosion & Chemical Resistance: GRP is highly durable, withstanding harsh environmental conditions.

 

UV Stability & Temperature Resistance: GRP performs efficiently in extreme weather conditions.

 

Ease of Serviceability: GRP structures are easy to maintain and repair, allowing for quick restoration of functionality.

 

Environmental Friendliness: GRP is fully waterproof and can be customized with fire-retardant, non-flammable resins.

 

Mr. Guirish Kulkarni,Mr. Madhur Bhargava, Mr. Anshul Kapoor, and Mr. Rajendra Jaiswal, offered valuable feedback during the event, expressing their admiration for the impressive product and its features while emphasizing their strong partnerships with the Pai Kane Group.

 

Mr. Ravi Srivastava, Director of Global Sales, Service, and Marketing, delivered the vote of thanks and officially opened the floor for the sales.

Our patented GRP Genset is poised to disrupt the global market by merging innovation, strength, and aesthetics, positioning Power Engineering India Pvt. Ltd. at the forefront of the power generation industry.

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