Wilhelmsen acquires engineering company, strengthens HVAC offering

Wilhelmsen Technical Solutions AB has signed an agreement to acquire 100% of the shares in Integrated Engineering Services Ltd., strengthening its Heating, Ventilation and Air Conditioning offering to the offshore market.

Petter Traaholt, President of WTS and Stuart Lockhead, newly-appointed Managing Director of IES

“This acquisition demonstrates our commitment to the offshore market, positioning us as a leading HVAC service provider in the competitive North Sea market,” said Petter Traaholt, President of Wilhelmsen Technical Solutions. “The IES HVAC aftermarket portfolio will greatly complement our well-established offshore services in Norway, the Americas and Asia, providing customers with solid solutions throughout the value chain.”

Based in Aberdeen, United Kingdom, the 110 IES employees are specialists in providing HVAC, environmental and refrigeration services to the offshore industry.

“With over 30 years of experience, IES has built long-term relationships with major players in the offshore market. Combining both companies’ high technical competence and solid reputations increases our customer value proposition to our combined client base, offering services in multiple sectors of the North Sea,” Traaholt added.

Wilhelmsen Technical Solutions is a major supplier and integrator of HVAC systems and services to the offshore and marine industries. With decades of experience, it has delivered comprehensive and custom-made HVAC solutions to more than 100 advanced offshore units worldwide.

“Managing succession has been very important to us and we are very pleased to sell IES to WTS,” said James Dunlevy, founder and main shareholder of IES. “We share similar values, cultures, customer focus and technical expertise which is a great foundation for future success. This is a very good match for customers and employees.”

“By joining forces, we broaden our global footprint, enhance our high quality services, and continue our commitment of securing seamless operations and regulatory compliance for our offshore and onshore customers. I am very much looking forward to the opportunities this acquisition brings,” added Stuart Lockhead, newly-appointed Managing Director of IES.

Press Release, April 16, 2014

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