IHI Power Services Corp. Joins Kyuden Group, Strengthening U.S. Power Generation Services

Acquisition Enhances IPSC's Ability to Expand Operations, Maintenance and Asset Management Capabilities Across the U.S.

ALISO VIEJO, CA (March 19, 2026) - (BUSINESS WIRE)--IHI Power Services Corp. (IPSC), a leading provider of operations and maintenance (O&M), asset management, technical and compliance services for the power generation industry, today announced that it has entered into an agreement to be acquired by Kyuden International Corporation, a part of the Kyuden Group, a Japan-based global energy leader with extensive experience in power generation and infrastructure, through its U.S. subsidiary, Kyuden International Americas, Inc. Upon completion of customary regulatory approvals and closing conditions, IPSC will officially join the Kyuden Group - marking a significant milestone that positions the company to accelerate growth, expand its national footprint and enhance service delivery.

With decades of experience as an operator of power generation facilities, IPSC has built a strong reputation for safely optimizing plant performance, reducing operational risk and maximizing asset value across a diverse portfolio of services and technologies, including natural gas, renewable energy and other generation assets. The addition of Kyuden's global expertise and resources will further strengthen IPSC's ability to grow, broaden its capabilities and deliver even greater value to customers across an increasingly complex energy landscape.

"This is an exciting next chapter for IPSC," said Tony Dabbene, IHI Power Services Corp. CEO and CFO. "Kyuden International brings deep operational experience and a strong global energy platform that aligns with our mission and values. Together, we are well-positioned to accelerate growth, expand our operations and maintenance and asset management capabilities, enhance operational excellence and build upon our reputation as a trusted partner to power generators across the U.S."

Under the current leadership, IPSC will ensure a seamless transition with zero disruption to existing operations or the onboarding of new client assets. By merging its local O&M and asset management excellence with Kyuden Group's global resources, IPSC is strengthening its commitment to safety and reliability while scaling capacity to manage the industry's most complex technical challenges.

This transaction represents Kyuden Group's first investment in an O&M-focused business in the United States and reflects a shared vision to combine global capabilities with regional expertise to drive sustainable growth and long-term value creation.

To learn more, visit: https://www.ihipower.com and https://www.kyuden-intl.co.jp/en/.