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Altamira Interested in Engineering and Software Applications For Process Industries

Brussels, February 21st, 2012 – Advanced Technologies

Altamira is selectively looking at industrial assets of KBC PE, in the process of being sold by the Belgian bank as part of the divesture of its private equity arm.

Particularly, it is interested in the purchase of IPCOS, an engineering and software company developing Intelligent Operations Services (IOS) and Advanced Process Control (APC) solutions for the Oil & Gas, Power Generation, Chemicals, Glass and other process industries.

With presence in India and the Gulf Region, IPCOS has successfully expanded to become one of the top players in its industry, also developing partnerships with global leaders across the world. It has also entered into technology programs with universities in Belgium and The Netherlands.

After meetings in Brussels and Leuven with the KBC team and the senior management of IPCOS, Altamira has confirmed its interest in a transaction. Altamira is fronting a pool of passive investors to complete the transaction funding.

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