Ga naar hoofdinhoud
0 W6 A1825

Sif and IHC finalize acquisition of “KCI the engineers”

mrt. 16, 2021

Roermond, the Netherlands, 16 March 2021. Sif Holding (‘Sif’) and Royal IHC (‘IHC’) have finalized the acquisition of “KCI the engineers” (‘KCI’) by Sif. Works Councils have advised positively on the acquisition and trade unions have been informed. Financial details will not be disclosed. KCI employs approx. 65 people who realized profitable sales of approx. €9 million in 2020. The management of KCI was involved during the whole acquisition process and is very pleased to now be member of Roermond/Rotterdam based Sif Holding N.V. They will continue their management positions.

Fred van Beers, CEO of Sif Holding N.V. says: ‘The growth in size and complexity of future Offshore Wind projects has convinced us that a close link between foundation-design and manufacturing know-how can result in a significant optimization of both the design of the foundation and the manufacturing of the same. This effectively results in lower cost of ownership of the foundations for our customers as well as a further optimisation of the manufacturing process

Adding design engineering skills is key for Sif and an important next step in its development towards an integrated total solution partner for offshore wind monopile products and services. This acquisition of KCI is instrumental to fully support this development and we very much look forward to the cooperation with the people at KCI the engineers.’

Marc Groenendijk, Managing Director of KCI says: ‘The aim of the KCI management has been to find the best possible partner for our business activities while we continue to serve our clients in the oil & gas, renewable and leisure market as independent service provider. With Sif as our new shareholder, we are confident that we can continue to pursue a strong position in the offshore energy market with a further growth in the offshore wind market and continue to offer our customers effective tailor-made designs and solutions.’

Gerben Eggink, CEO of Royal IHC states: ‘We are delighted that we have found the right partner in Sif for the future of KCI and of its employees. We wish KCI all the best in its future endeavors.’

CONTACT

For further information, please contact:

Sif Holding N.V.

Royal IHC

KCI the Engineers

Fons van Lith

Hans Huigen

Marc Groenendijk

+31 (0)475 385 777

+31 (0)641044662

+31 (0)10 427 03 99

+31 (0)6 513 14952

+31 88 015 44 69

f.vanlith@sif-group.com

h.huigen@royalihc.com

m.groenendijk@kci.nl

ABOUT SIF HOLDING N.V.

Sif is a leading manufacturer of large steel tubulars, which are used as foundation components for the offshore wind and offshore oil & gas markets. The Company manufactures customized tubular components for offshore foundations, predominantly in the greater North Sea region. Sif combines a highly automated and flexible production facility with technology leadership in rolling and welding of heavy steel plates, which is based on over 70 years of experience and innovative in-house-developed techniques and processes. Sif primarily produces monopiles, transition pieces and piles that are used to anchor jacket foundations in the seabed for offshore wind turbines. It furthermore produces legs, pile sleeves and piles of the larger jackets for oil & gas and tubular structures for various uses such as jetties. Sif is listed on the Euronext Amsterdam stock exchange. www.sif-group.com

ABOUT KCI the Engineers

KCI (founded in 1987) has built a track record in the offshore energy industry, based on extensive know-how and experience in the design and project management of complex offshore engineering projects. Reference projects include oil & gas greenfield and brownfield engineering, leisure and renewables.

DISCLAIMER

Some of the statements contained in this release that are not historical facts are statements of future projections and other forward-looking statements based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially from those in such statements. Historical results are no guarantee for future performance. Forward-looking statements are subject to various risks and uncertainties, which may cause actual results and performance of Sif’s business to differ materially and adversely from the forward-looking statements. Certain forward-looking statements can be identified by the use of forward-looking terminology such as “believes”, “may”, “will”, “should”, “would be”, “expects” or “anticipates” or similar expressions, or the negative thereof, or other variations thereof, or comparable terminology, or by discussions of strategy, plans, or intentions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this release as anticipated, believed, or expected. Sif does not intend, and does not assume any obligation, to update any industry information or forward-looking statements set forth in this release to reflect subsequent events or circumstances. The content of this trading update is for information purposes only and not intended as investment advice, or offer or solicitations for the purchase or sale in any financial instrument. Sif does not warrant or guarantee the completeness, accuracy, or fitness for any particular purposes in respect of the information included in this release.

News