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Today’s Date

Tuesday, Mar 2nd, 2021

Atlantic XL, a division of XL Group, acquires local engineering company IEAS

St. John’s, NL – Atlantic XL announced today it has completed the acquisition of St. John’s based Industrial Engineering & Automation Solutions (IEAS) effective February 1, 2021.

Atlantic XL with offices in St. John’s, NL is a division of XL Global Group, headquartered in Aberdeen, Scotland. XL Global Group 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 XL Global Group offering in North America.

Colin Laird, CEO of XL Global Group: “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 and 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 and gas and utility sectors. This, coupled with their geographical reach and customer, base will allow us to offer an enhanced and complementary range. “

Karen Winsor, COO, Atlantic XL: “Today is an exciting day for everyone involved with IEAS and Atlantic XL. I look forward to our teams coming together as one. In particular, I’d like to commend Don Dalley and Art Garland – through their vast experience in the local industry, they were instrumental in building IEAS’s capacity and market position.”

John Dalley, General Manager, IEAS: “This is a new chapter for IEAS and Atlantic XL. Both companies have found success by always offering their customers the best value possible. Together we will build on that – learning from one another’s expertise, becoming even more competitive, and growing the business.”

About XL Group

XL Group is a multi-discipline, technology and engineering group that provides turnkey solutions for oil & gas, energy, LNG, decommissioning, manufacturing, distilleries, education, healthcare, utilities, law enforcement and defence. Headquartered in Aberdeen, Scotland, with operations throughout the UK and in St. John’s, Canada, XL Group operates globally across Europe, South America, North America, Asia, Middle east and Africa. www.xlg.co.uk

About IEAS
Industrial Engineering & Automation Solutions (IEAS) is an engineering company headquartered in St. John’s, NL in business since 2007 providing electrical, instrumentation, controls and system integration solutions. www.ieas.ca

For more information, contact:

Karen Winsor Chief Operating Officer T. +1 (709) 237-7701 ext. 707 I M. +1 (709) 690-5325 E. karen.winsor@atlanticxl.com

From Atlantic xl | Issued February 1, 2021