Specialist engineer Hayward Tyler (LON:HAYT) said it has completed the acquisition of the trade and assets of the Peter Brotherhood business.
The US$15mln acquisition, from German industrial giant Siemens, was announced on 12 October.
Peter Brotherhood is a UK maker of steam turbines and gas compressors, so the business neatly complements Hayward’s existing business of electric motors and pumps while bringing in a number of new customers, such as the Keppel Shipyard.