Belcan acquires Lagoni Engineering
Lagoni's current offering includes engineering and consultancy services across technical safety, control and automation, operational technology and cyber security for a broad range of companies in the energy industry. The Company’s service offerings cover the entire life cycle of assets, including concept design, FEED, detailed design, installation, commissioning, operations and decommissioning.
Known for its innovative solutions, Lagoni has become an expert in the field of developing operational technology (OT) cyber security and digital solutions.
Courtesy Lagoni Engineering
Thomas Olsen (above), founder and Managing Director of Lagoni, will play a leading role in continuing to develop these capabilities across Lagoni’s existing industries and Belcan’s established markets.
“The addition of Lagoni helps Belcan build its consulting business in the UK, while also adding new cyber and digital solutions to meet key requirements across Belcan’s focused industries,” said Keith Matthews, President of Belcan Consulting Services. “We welcome Thomas and Lagoni’s innovative team, and we believe that their passion for developing creative client solutions will be a great fit with our culture.”
“Belcan’s existing services perfectly complement Lagoni’s offerings, and we believe that with the backing and relationships provided by Belcan and AE Industrial, we can grow our business and reach new clients around the world,” said Mr. Olsen.
“Belcan continues to expand our global footprint and strengthen our service offerings,” said Lance Kwasniewski, CEO of Belcan. “This targeted acquisition will drive value for our existing customers while adding key scalable capabilities.”
Mishcon de Reya LLP served as legal advisor and PricewaterhouseCoopers LLP served as financial advisor to Belcan. Russell‐Cooke LLP served as legal advisor to Lagoni.
Terms of the transaction were not disclosed. Belcan is a portfolio company of AE Industrial Partners, LP, a private equity firm specialising in aerospace, defence & government services, power generation and speciality Industrial markets.
