Doedijns International acquires Wilmax as part of global expansion
Datum: 09-01-2012
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Press release Waddinxveen, The Netherlands, 9 January 2012
In December 2011 Doedijns International BV (Doedijns), supported by its
shareholder IK Investment Partners (IK), completed its acquisition of
Wilmax Control Systems ltd. (Wilmax), a Singapore based engineering
company specialising in control automation, valve automation and process
packages for the oil, gas and petrochemical industries. Financial details of
the acquisition are not disclosed.
Wilmax, which has facilities in Singapore, Indonesia and Dubai, provides control
automation, valve automation and process packages for the oil, gas and petro-
chemical industries in the South East Asian and Middle Eastern markets.
The technologies developed and produced by Wilmax are complementary to those
provided by Doedijns, which also provides engineering solutions in the area of
hydraulics, instrumentation, pneumatics and control systems.
The combination of the two specialist firms will create a global company with a local
presence in key growth markets, allowing Doedijns to introduce its proprietary
technologies to Wilmax’s extensive client base, and giving Wilmax’s client base
access to Doedijns network.
Founded in 1989, by William Toh in Singapore, the firm has grown to be the market
leader in several of its technologies in South East Asia and the Middle East.
Mr. Toh will remain as Managing Director of Wilmax after the acquisition and will
become a shareholder in the combined group.
Juul IJzermans, Doedijns Chief Executive Officer, commented: “We are delighted
to be able to announce this acquisition just three months after our deal with IK.
It is a significant step in our plans to develop market leadership in these rapidly
expanding sectors. The Wilmax acquisition will give us a strong foothold in the
fast developing economies of South East Asia, and complement our existing
Middle Eastern operation in Dubai and will provide our clients worldwide an
excellent portal to state of the art control and actuation systems supported by
a dedicated service team.”
William Toh, Managing Director Wilmax, said: “We believe that the acquisition by
Doedijns puts us in the best possible hands for future development, and we are
keen to begin the process of integration to ensure that we extract maximum
synergies from combining our two businesses.”
Remko Hilhorst, IK Deputy Director, added: “For Doedijns, the acquisition of Wilmax
is a great start of the execution of management’s growth ambitions. We will continue
to look for opportunities to develop the business further in what is an increasingly
global market.”
The acquisition financing was provided by Rabobank and ABN AMRO.
Clifford Chance and Deloitte advised Doedijns, KPMG and RHT Law were the advisors
on Wilmax side.
For questions:
Doedijns International
Juul IJzermans, CEO
Tel: +31 182 30 28 88
Wilmax
William Toh, Managing Director
Tel: +65 6546 7997
About Doedijns
Celebrating over 140 years of technical innovation, Doedijns has developed market
leading positions in Hydraulics, Pneumatics, Instrumentation and Controls. With our
global facilities and our highly skilled work force we continue to create added value
solutions for the energy, maritime and high-end machine building industries.
From initial design, through to specification, manufacture and commissioning, Doedijns
is the global partner of choice for local service. For more information, please visit
the Doedijns website: www.doedijns.com
About Wilmax
Wilmax provides control automation and process packages for oil and gas and petro-
chemical industries. The packages of valve automation systems, wellhead control
panels, process skids, etc are in house designed and manufactured. With over a decade
of experience, since incorporation in 1989, Wilmax is the leading company in Asia in
providing control automation, process packages for oil and gas and petrochemical
industries. Wilmax has acquired extensive knowledge and expertise in working with
the design and engineering standards of various oil and gas and petrochemical operating
companies all around the world. Wilmax offers complete valve automation, control system
and process skid, in addition to the conceptual and detailed system engineering.
Wilmax packages are tailored to meet customer’s specific applications and needs.
www.wilmax.com.sg
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