M+W Group Takes Over Engineering Firm IPSC GmbH
Expanding the Oil, Gas, and Chemical Business
The global engineering and construction company M+W Group has acquired 100 percent of IPSC GmbH in Schwedt (Germany) through its subsidiary M+W Process Industries. IPSC is a multidisciplinary consulting and engineering firm that operates primarily in the oil, gas, and chemicals segments. It currently employs some 40 people. No price was quoted for the acquisition.
IPSC, founded in 1992, has many years’ experience in various engineering disciplines and implements technically, ecologically, and commercially mature projects. The portfolio extends from technical engineering consultancy to planning and engineering, project management, procurement, commissioning and documentation right through to security, health and safety.
In future, IPSC will trade under the name M+W IPSC GmbH, managed as a subsidiary of M+W Process Industries. Senior management is made up of Helmut Kuhn, so far CEO of IPSC and Uwe Gaudig from M+W Process Industries.
With the acquisition, the M+W Group is strengthening its expertise, particularly in the field of oil and gas. Furthermore, the Group has an additional location in northeast Germany to provide support for regional customers.
About M+W Group (www.mwgroup.net): M+W Group is the leading global engineering, construction and project management company in the fields of Advanced Technology Facilities, Life Science & Chemicals, Energy & Environment Technologies and High-Tech Infrastructure. From concept development to turnkey services the company manages projects of all sizes ensuring rapid realization, high quality standards and cost-effective completion. With its competence to link process and automation technologies and complex facilities to integrated solutions M+W Group primarily focuses on leading companies in the fields of electronics, photovoltaics, life science, chemicals, energy, automotive, security, IT and communication, as well as research institutes and universities. M+W Group GmbH is the holding company with headquarters in Stuttgart, Germany. In 2011 the company generated an order intake of 2.59 billion euros and revenues of 2.48 billion euros with more than 7,000 employees. In 2012 M+W Group proudly celebrated its 100 year jubilee.
M+W Group is owned by the Austrian Stumpf Group that is globally successful in the areas of High-Tech Engineering, Smart & Renewable Energy, Real Estate and Technology Investments.
Phone: +49 711 8804-1420