GSE Systems acquired DP Engineering
GSE Systems (Sykesville, MD), a provider of engineering, expert staffing, and simulation software to clients in the power and process industries, acquired DP Engineering (Fort Worth, TX), a specialized provider of high-value engineering services and solutions to the nuclear power industry.
Kyle Loudermilk, GSE’s President and Chief Executive Officer, commented, “We are absolutely thrilled to add DP Engineering to the business. With DP Engineering, GSE adds an outstanding team of nuclear-focused professionals delivering an array of complementary high-value-added engineering capabilities. These capabilities include a core competency in engineering design modifications centered around regularly scheduled nuclear plant outages. In addition to broadening GSE’s engineering services offering, DP Engineering expands and deepens our relationships with several of the largest U.S. nuclear energy providers, while improving GSE’s overall operating margin profile. As one company, we will add greater value to our customers than either could offer independently. The acquisition of DP Engineering is yet another compelling proof point in GSE’s strategy to create value for customers, employees, and shareholders by consolidating a fragmented vendor ecosystem serving the nuclear power industry.”
Read more: https://www.gses.com/news/gse-systems-acquires-dp-engineering/
