Power Machines is a global power engineering company — one of the world’s top-five industry leaders in terms of installed-equipment volume.
Alexey Mordashov controls 100% of the issued and outstanding share capital of the Company.
Power Machines has a rich expertise and competence in the design, manufacture and complete supply of power equipment for thermal, nuclear and hydroelectric power plants, various industries, transport and ship power. The equipment manufactured by Power Machines enterprises operates in 57 countries around the world.
NordEnergoGroup is a Russian company established for the management of power engineering and electrical assets of Severgroup.
NordEnergoGroup includes the leading enterprises of the Russian machine-building complex: TKZ «Krasny Kotelshchik», Kaluga Turbine Works, Reostat Plant, SZD-Engineering, SMTT High-Voltage Solutions, NordEnergoEngineering. One of the NordEnergoGroup areas is the expansion of the asset portfolio by investing in new promising trends and small technology companies, complementary to production and processing chain and sales channels.