IC Integrity, a joint venture between ICR and IAS (now part of UGL), delivers specialist maintenance, integrity, and inspection solutions in Australasia.
ICR Integrity Successfully Divests Chemical Injection Utilities Limited (CIU) to SES Energy
ICR Integrity Limited (ICR), a leading global provider of maintenance, integrity, and repair solutions, has successfully completed the divestment of Chemical Injection Utilities Limited (CIU) to SES Energy.
This strategic transaction aligns with ICR’s continued focus on its core service offerings and internationalisation while ensuring that CIU, a well-established provider of chemical injection and corrosion monitoring solutions, continues to thrive under new ownership.
The transition for CIU ensures continuity for its employees and clients while reinforcing SES Energy’s position as a leading global provider for the energy industry.
Jim Beveridge, CEO of ICR Integrity, commented:
“This divestment represents a positive step for both ICR and CIU. We are pleased that CIU will now be part of SES Energy, where its capabilities can be further developed. We are confident that SES Energy’s industry expertise and resources will provide an excellent platform for CIU’s next phase of growth. CIU has been an important part of our business, and we are incredibly proud of the value we have created together. We extend our thanks to Piper Sandler who have supported us through the divestment process.”
This divestment marks a significant milestone in ICR’s strategic journey, enabling the business to sharpen its focus on its core technology-led repair solutions and accelerate long-term, sustainable growth.
By strengthening its balance sheet and enhancing operational focus, ICR can continue delivering high-performance, innovative solutions that reduce risks, extend asset life and support the energy transition for customers worldwide.
ICR remains committed to driving value for stakeholders while maintaining the highest standards of safety, quality and integrity that defines its business.
