Industrial services company, Well Services Group (WSG) has acquired French company, petrochemical specialist Nitrovia. Nitrovia provides a full range of services to the petrochemical, refineries and pipeline industries.
Nitrovia’s core management team, David Delquignie and Marc Montagut, will continue to grow the business across continental Europe under the WSG brand. David Delquignie says: ‘With WSG’s proven technologies and investment capabilities, we can fast forward the growth trajectory of Nitrovia, which will create job opportunities and elevate the company to a new level.’
WSG European regional director, Steve Jones, says: ‘It has been our vision to expand our operations into France and by aligning with Nitrovia, who have an excellent long-standing reputation in the petrochemicals and refineries space, we can build on their strong foundation by consolidating existing relationships and pursuing new opportunities. This strategic acquisition adds value to our proposition and propels us forward on the road to achieving our stated objective of expanding the WSG brand across key European markets.’
‘Nitrovia have a business model very similar to existing WSG operations in the Netherlands and the UK and we can mutually benefit from synergies and knowledge sharing. The industrial services sector in France is massive and this acquisition is an exciting opportunity to stake our claim in that market and to eventually expand in to the neighbouring Benelux countries where presently we don’t have representation,’ adds Harry Schepers, general manager for WSG Industrial Services BV.
