23-10-2019 IPCOM Group acquires AIS Technical, market-leader in energy insulation
IPCOM Group has successfully acquired UK-based manufacturer AIS Technical
AIS Technical operates from two sites in North Tyneside, North East England, including a state-of-the-art manufacturing facility where it produces more than 70,000 insulation jacketing systems annually. The highly successful, multi-award-winning business sells in the UK and exports to key energy basins worldwide and has an annual turnover in excess of £5m.
Since its inception in 2007, AIS Technical has been at forefront of technical innovation in insulation and passive fire protection. Innovations which include the world’s thinnest and lightest fire protection insulation jacket able to withstand temperatures of up to 1,250 degrees centigrade for 90 minutes and award-winning, flexible insulation systems easily removed for maintenance.
Head of AIS Technical, Chris Evans, said: “AIS Technical offers a full turnkey service for clients that covers everything from survey to design, manufacture, installation and maintenance of our world-class insulation and PFP products. Our innovative solutions and overall approach have helped us develop an unrivalled global reputation and enjoy strategic relationships with the world’s leading energy companies.
“We are delighted to now join the IPCOM family. This opportunity will give us a fantastic platform from which to grow further and allows us to add our extensive expertise to a global group which, like us, has innovative insulation solutions at its heart.”
Remco Boerefijn, IPCOM Group CEO said: “Acquiring AIS Technical gives us a strong foothold in the energy sector and perfectly complements our existing portfolio of world-leading insulation and PFP products. Furthermore, AIS Technical is our first company in the United Kingdom and we are confident this will open up new commercial opportunities.”
Kevin Franklin, Chief Executive Officer, at 3T Energy Group, said: “3T Energy Group’s strategic direction is focused very much on developing technology-led training and competence solutions with cutting-edge simulation and training technologies to help the global energy industry work safer, smarter and faster.
“AIS Technical is a world-renowned business but selling lets us focus on our core strength and will allow AIS Technical to flourish under new ownership. We are especially grateful to the dedication and loyalty of the AIS Technical team and wish them every success moving forward.”