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ESI completes Willteco takeover

Oilfield Technology,


Dutch company Willteco has become part of ESI Energy Service International, an American company. The acquisition strengthens ESI’s position as a multinational maintenance company that provides engineering services to the onshore and offshore industries.

Offshore market

Willteco’s Managing Director, Willem Wille, commented: “Particularly in the offshore sector the market increasingly wants worldwide service. We also see a trend of customers looking for high-end knowledge and expertise but being cautious about cooperating with smaller regional parties. It was time for us to take the next step: either take over a company or join one. We opted for the latter”.

As part of ESI, Willteco will leverage more market strength and be better able to follow its customers all over the world, Wille added. “In short, we will more quickly become the global player that we want to be.”

ESI strategy

The Willteco acquisition is in line with ESI’s strategy of reinforcing its position worldwide. Through the acquisition ESI will add three new countries to its existing network.

As an engineering service provider the company specialises onshore in complex maintenance jobs and machine overhauls at waste energy plants. Offshore the company focuses on inspecting, repairing, maintaining and upgrading shallow and deep water drilling rigs.

Job guarantee

Willteco and Willtech employees have received a job guarantee. The company’s site at Broek op Langedijk will continue to exist. A working group consisting of representatives of Willteco, Willtech and ESI will work out the details of the integration within one hundred days.

Patricia Wille added: “In addition to guaranteed employment, there will be an extra emphasis on training and education and greater career prospects while everybody will have an opportunity to grow and develop in a dynamic international company. There is a justified expectation that extra jobs will be created to assure the growth.


Adapted from press release by Katie Woodward

Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/02072014/esi_completes_willteco_takeover_954/

 

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