Izomax has announced the acquisition of IK Engineering (Poland) and IK Group US.Inc, in a strategic move to grow our global presence and expand delivery of our patented AOGV technology.
The expansion will increase our company headcount with 32 new employees in Poland and 7 more across the Americas, significantly enhancing our engineering capabilities and capacity to meet rising global demand.
The acquisition supports our international growth strategy and reinforces our position as a frontrunner in pressurised system solutions for the oil and gas and wider process industries. It also allows us to further strengthen our engineering capabilities and expand into new markets.
“Izomax has an outstanding track record in successful isolations for global operators using the AOGV, and we are happy to see increased global demand for our technology. Welcoming IK Engineering and IK Group US will increase our ability to establish our groundbreaking technology as a proactive maintenance standard that reduces risk, increases operational uptime, and maximises revenue,” said Izomax Vice President, Rune Sele.
The move comes amid strong growth forecasts in key markets. In the Americas, the downstream line-stopping sector is expected to grow by 10% over the next five years, with the upstream repair and maintenance market projected to grow by 15% year-on-year.
IK Engineering, based in Gdansk, Poland, has extensive industry experience in the energy sector, enabling them to proactively assist with and respond to RFQ’s, design solutions and tooling, and complete project overviews including procurement, assembly, and delivery. This means we now have the capacity to deliver our technology solutions on a larger scale and within shorter timeframes.
Sele added: “As we move forward, we are excited about the future and the opportunities ahead. By leveraging Izomax’s groundbreaking AOGV technology and extending its global reach, we are confident in the company’s continued growth and success”.
Izomax has pioneered the Add-On Gate Valve (AOGV) technology, allowing repairs and maintenance in operating plants and installations without the need for shutdowns, hot work, or unplanned downtime. AOGV can be used for valve and component replacements, tie-ins, and module decommissioning without downtime of operating installations.
