MOB acquires NEWES
| Target: | NEWES |
| Seller: | Nimbus |
| Advisory sell side: | PWC | M&A Advisory van Doorne | Legal Advisory Corporate M&A |
| Buyer: | MOB Mechanical Contracting |
| Advisory buy side: | Hogenhouck M&A | M&A Advisory |
| Date announced: | 2024-11-29 |
MOB Mechanical Contracting has officially acquired NEWES, integrating their respective strengths while allowing both entities to maintain operational independence. MOB, with its extensive experience in mechanical contracting and piping projects, will continue to focus on serving industries such as petrochemical, oil, and gas, from its headquarters in Rotterdam. NEWES, specializing in the maintenance and overhaul of industrial installations like boilers, remains active from its locations in Hengelo and Barendrecht.
This acquisition aligns with MOB's strategy of expanding its service portfolio through strategic growth while maintaining a focus on safety, quality, and customer satisfaction. The move ensures continuity for both customers and employees, emphasizing collaboration without disruption to existing operations. Together, the companies aim to leverage their combined expertise to provide enhanced services across their domains.