Koch Industries’ Iris Power L.P. announced June 5 it bought ADWEL International Ltd. from Black &McDonald Ltd.
Iris Power and ADWEL said the merger would enable the companies to better serve a broad spectrum of the global electrical testing and measurement market. IRIS Power provides products and services for partial discharge analysis testing; ADWEL possesses expertise in stator core testing of generators and motors.
Iris Power purchased ADWEL May 22. The price was not disclosed. The newly structured company will trade as Iris Power L.P.