Acwa Field Services, the field maintenance and technical services subsidiary of Saudi-listed Acwa, has acquired the steam turbine services business of EthosEnergy in Wrocław, Poland.
The deal transfers 85 employees, specialist equipment,
intellectual property, established contracts and a contracted service backlog
to Acwa Field Services, which will operate the business as Acwa Field Services
Poland.
The acquisition marks Acwa Field Services’ first entry into
the European Union and forms the first step in a broader international growth
strategy.
It strengthens the company’s steam turbine field services
capabilities by adding specialised engineering expertise, technical resources
and an established customer base.
The Wrocław operation will also expand Acwa Field Services’
execution footprint across Europe, providing a platform to grow both
transactional and long-term contractual work in the region and beyond.
Matthew York, President of Acwa Operations, said: "Acwa
Field Services is central to how we protect and extend the value of the assets
we operate, while enhancing our competitiveness. This acquisition is a clear
statement of intent. Owning a specialist maintenance capability, rather than
contracting it out, gives us greater control over performance, cost, and
reliability across our fleet. Acquiring EthosEnergy's steam turbine business in
Poland gives us the team, the technical depth, and the customer relationships
to build a strong European service business, and it does so from day one. I
welcome our new colleagues in Wroclaw to Acwa."
Ana Amicarella, Chief Executive Officer of EthosEnergy, said:
"As we continue reshaping EthosEnergy, this transaction supports our
strategy to simplify our portfolio and strengthen our focus on core operations.
The Steam Turbine Business in Wroclaw is joining an organisation that aligns
closely with its expertise and long-term growth ambitions. We are confident
that, as part of Acwa, the business will continue delivering the exceptional
service, technical excellence, and customer support for clients across the Oil &
Gas, Power Generation, and Industrial Manufacturing sectors." -OGN/TradeArabia News Service
