On October 8, 2024, AES Engineering, the owner of the AESSEAL brand, completed the acquisition of PSS Seal LLC, a Washington-based company, renowned for its seals for ship propulsion systems.
PSS Seal customers can access AESSEAL's and other companies within the group's wider range of products and services. In return, AESSEAL's global service network supports PSS Seal's customer base. The deal shows the trend of consolidation in the sealing industry, with companies expanding into specialized markets such as maritime.
AES Engineering announced it will invest £29 million in environmental projects from January 1, 2021, to April 1, 2029, demonstrating that sustainability is becoming a key competitive criterion.
AESSEAL, CB Insights. The article was compiled and reinterpreted by SNS-VN; brand names belong to their owners.