Marvel Distribution Acquires HiTed Group
Russian broadliner Marvel Distribution has acquired a controlling interest in Hited Group, a leading off-grid, standby, energy efficiency and service provider company in Russia and Kazakhstan, and will make the investments required to accelerate growth and further joint development. Hited engineering expertise will strengthen Marvel Distribution's position as a solution provider for private and public infrastructure projects of all levels.
Hited Group has been present on the market for over 20 years and offers supplies of power equipment and spare parts from leading manufacturers (FG Wilson, Wattstream, Mitsubishi Heavy Industries, Perkins, Piller, MWM, 2G-Energietechnik, APC by Schneider Electric, Eaton, Delta, Huawei EBG and others), turnkey construction of power supply facilities maintenance and repair of diesel and gas power plants, uninterruptible power supplies, Perkins engines, leasing of diesel power plants (own leased fleet of over 100 MW), and RedPine engineering systems monitoring and control system.
"Our companies have had a fruitful cooperation in the supply of power equipment for several years. We have come to the conclusion that a closer partnership will provide significant business opportunities. Marvel Distribution will be able to offer its clients turnkey project services, including design, supply, installation and commissioning of power equipment, facility management", said Sergey Dvoinov, Managing Director of Hited Group.
"Marvel Distribution has long gone beyond the distribution business and is a service company with a wide range of services for its partners. The synergy with Hited Group will make it possible to jointly implement large-scale projects such as data centres, logistics terminals or gas energy centres", concluded Alexey Melnikov, CEO of Marvel Distribution.