Atlantic XL acquires local engineering company IEAS
Atlantic XL announced today it has completed the acquisition of Industrial Engineering & Automation Solutions (IEAS).
Atlantic XL is a division of XL Global Group, which works primarily in the areas of automation, communication, metering, fabrication and asset integrity.
This acquisition is focused on strengthening Atlantic XL’s business offering to the Canadian marketplace and will also provide market opportunities globally. IEAS has completed projects across many sectors including oil & gas, utilities, manufacturing, marine and municipalities and their services will enhance the XL Global Group offering in North America.
Colin Laird, CEO of XL Global Group said: “IEAS is an important addition to the XL Global Group of companies. Working with Atlantic XL, they will offer a diversified portfolio that is well aligned with our vision for the area. We look forward to continuing to grow the business in Newfoundland, Labrador and beyond. IEAS’s products and services have a real synergy with our existing Group portfolio, particularly our divisions in automation, safety systems and data acquisition for the oil, gas and utility sectors. This, coupled with their geographical reach and customer base will allow us to offer an enhanced and complementary range.”