IPCOS takes full ownership

IPCOS, the leading provider of Digital Oilfield and Advanced Process Control solutions, today announced that its management has acquired all IPCOS shares from its majority shareholder KBC Private Equity. Under an agreement with the European Commission, KBC Bank of Belgium has divested its private equity activities. IPCOS has regained full control of the company through an MBO which was executed in February 2013.

“IPCOS has enormous growth potential, both in Digital Oilfield services as well as in our Advanced Process Control activities” says Peter van Overschee, CEO of IPCOS. “By taking full ownership of IPCOS, we have demonstrated our confidence to deliver on our ambitious growth targets and mission, whilst maintaining our independence in the market. This will ensure that we can continue to be a most agile business partner for our valued customers, delivering high value-add specialised services and technology in both our business units”.

With offices in Belgium, Netherlands, UK, India, and the UAE, IPCOS has become a major player in the Digital Oilfield market and Advanced Process Control business, delivering sustained benefits to customers worldwide.

About IPCOS

IPCOS, headquartered in Leuven, Belgium, delivers high-end automation and optimization services and technology to the Digital Oilfield market and Advanced Process Control arena. By bringing together domain knowledge, IT skills, and process operation and control experience, IPCOS presents a unique pool of expertise that customers benefit from through consultancy and implementation projects.

www.ipcos.com