Italmatch Chemicals acquires Aubin Group
Italmatch Chemicals, a specialty chemical group based in Genoa, Italy, has acquired Aubin Group from BGF, an investment company that provides growth capital for small and mid-sized businesses in the UK and Ireland that was established in 2011 as the Business Growth Fund.
Headquartered in Ellon, Scotland, Aubin is a key strategic developer and supplier of innovative chemical solutions for the oil and gas industry and the renewable energy sector with offices and warehouses across the UK and the Middle East.
The acquisition further strengthens Italmatch Chemicals’ position in the oil and gas and renewable energy sectors in key strategic markets such as the Middle East, the U.S.A., and the North Sea.
The operation will also expand Italmatch Chemicals’ product portfolio with new sustainable solutions, consistent with its Environmental, social, and governance (ESG) strategy, a testament to the group’s continued commitment to research and development (R&D) projects dedicated to developing and delivering sustainable solutions for various sectors, including products for the renewable energy market, as well as “decommissioning” activities.
“The acquisition of Aubin Group represents another step of Italmatch Group’s growth strategy in areas of interest, such as the Middle East, and in our journey of sustainability”, said Sergio Iorio, CEO of Italmatch Chemicals Group. “Our company has always invested in the continuous transformation of its product portfolio, with increasing focus dedicated to sustainable and circular solutions in all the end markets it caters to, including oil and gas. Thanks to its sustainable solutions, Aubin likewise embodies excellence in the renewable energy market. This synergy will further boost our R&D efforts as a Group.”
“Ever since its foundation 25 years ago, Italmatch has pursued a development strategy focused both on organic growth through research and innovation as well as strategic M&A,” said Maurizio Turci, general manager, Corporate, and CFO of the Italmatch Chemicals Group. “Now more than ever our focus is on following an approach rooted in ESG principles. Our priority is enhancing our positive impact and creating sustainable value for our clients, employees and all our stakeholders.”
“Aubin is a key player in well services and technologies (including cementing) that complement Italmatch’s portfolio. The company is also positioned to be at the forefront of the energy transition through its portfolio of innovative technology tailored to solving unique challenges. These include offshore wind developments as well as a disruptive solution to plug disused oil wells even in the harshest conditions, guaranteeing their long-term integrity and reducing their environmental impact,” said Scott Miller, director, Sales & Marketing, Oil & Gas, Italmatch. Miller has been appointed CEO of Aubin Group.
“The acquisition will strengthen Italmatch’s position in the Middle East, North Sea, and United States. Moreover, it will bring into the fold a world-class well services business, many highly qualified professionals and a strategically placed headquarters in Aberdeenshire with a well-equipped laboratory,” Miller said.