IGL Consultants sold to Pöyry (Afry)

Pöyry, a Finnish-headquartered global consulting and engineering firm focusing on the energy, forest industry and infrastructure and environment sectors, has acquired oil and gas specialists IGL Consultants, in a transaction led by Initium.

Established in 1989, IGL specialises in the provision of design, operations support and specialist consulting services to the oil and gas sector. At the time of the transaction, IGL had main operational bases in Aberdeen (UK), Stavanger (Norway), Perth (Australia) and Kuala Lumpur (Malaysia) and employed 117 staff.

“The strategic fit between the companies is perfect for us both” – Steve Gough, IGL

Steve Gough, a Director of the IGL Group, said: “The strategic fit between the companies is perfect for us both. Pöyry will provide the multi-discipline and project capability we have been developing within IGL, whilst IGL’s operational bases and high value-adding services will enable Pöyry’s strategic objectives to be realised rapidly. The extended portfolio of services combined with our objective of providing value creating solutions is an interesting proposition for all of our existing clients and markets.”

In 2019, Pöyry merged with Swedish giant ÅF to create a new multinational brand, Afry, which employs 17,500 staff worldwide.

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