American Electric Technologies, Inc. has launched a new company subsidiary, M&I Electric Brazil.

M&I Electric provides a full range of turnkey power delivery solutions including power distribution, power conversion, power control/automation systems, and power construction and services for the oil and gas and power generation sectors of the global energy industries.

“The formation of M&I Electric Brazil fulfills our objective of developing local capabilities in rapidly growing oil and gas markets worldwide, with the goal to have majority or total ownership of those international entities,” said Charles Dauber, AETI president and CEO. “We are bullish long term on Brazil and believe the country’s natural resources and large deepwater oil and gas reserves make it a critical market for AETI in the future.”

Tags: American Electric Technologies, Inc.