“The global demand for AOGV isolation technology has led us to the decision to launch Izomax as a wholly owned but separate company” says Eirik Berge, CEO IK Group.
International growth
The Norwegian IK Group offers a broad portfolio of value-adding products and solutions within pressurized systems, topside and subsea. To further position their international growth, the AOGV product line will move forward as an independent but wholly owned subsidiary named Izomax.
CEO Eirik Berge says “We will continue to support Izomax wherever needed but by becoming independent, Izomax will take the AOGV technology and service delivery to new heights with enhanced customer focus and engagement”.
Rune Sele, VP Izomax, adds that “We have a huge admiration for the team at IK Group, not least for the investment, support and encouragement that has brought us to this exciting new stage in driving our company forward.”
Global expansion
Izomax utilizes unique patented isolation technology to help customers mitigate downtime across the full spectrum of shutdown, turnaround and outages whilst maintaining system integrity – allowing process flow to continue. The demand for this patented and proven technology is on the rise globally.
“The launch of a stand-alone company allows us the freedom to rapidly evolve our solutions-oriented technology globally, with a laser focus. We are already enhancing our technologies and tool fleet to meet demand, along with opening offices in Australasia and North America. We are seeing exceptional growth with our revenues tripling in the last two years. Our organization has also tripled in size, and our customer base is evolving at pace. However, we will retain a bond with IK Group whilst wholly focusing on Izomax business and expansion plans”, Rune Sele , VP Isomax.
Contact – Eirik Berge
About Izomax
Izomax is based in Stavanger, Norway with subsidiary offices in Perth Australia and offices and facilities in Houston U.S.A. Through their unique AOGV mechanical isolation system, Izomax provide positive isolation without the need for hot-work at facilities and plants both onshore and offshore. Their products have been successfully used on more than 120 jobs worldwide to allow safe, cost-effective repairs and modifications on platforms, FPSO’s, LNG terminals, processing plants and refineries across the globe. The Izomax customer-base includes NOC’s, Super-majors and independent energy companies. For more information visit www.Izomax.com
About IK Group
Brilliant engineering is the DNA of the IK Group. With headquarters in Stavanger, Norway, IK Group is focused on making operations run safely and profitably, on and offshore, topside and subsea. With the clever use of proven technology, we have solved some of our industry’s most complex challenges and we have the history to prove it. For more information visit https://www.ik-worldwide.com/