KCI engineers officially acquired by Sif

© Sif

The acquisition of ‘KCI the engineers'(KCI) from Royal IHC by Sif Holding (‘Sif’) is finalised. The companies already announced their intention for the acquisition in December 2020 but final agreement was subject to a due dilligence.

Following the announcement in December 2020, Works Councils have advised positively on the acquisition and trade unions have been informed. Financial details of the acquisition were not 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 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.’